PBMares Wealth Management LLC Has $291,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

PBMares Wealth Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 6.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 588 shares of the computer hardware maker’s stock after buying an additional 36 shares during the period. PBMares Wealth Management LLC’s holdings in NVIDIA were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Turtle Creek Wealth Advisors LLC acquired a new position in NVIDIA in the 4th quarter worth $1,618,000. Windmill Hill Asset Management Ltd acquired a new position in NVIDIA in the 4th quarter worth $340,000. Dearborn Partners LLC boosted its stake in NVIDIA by 5.8% in the 4th quarter. Dearborn Partners LLC now owns 3,617 shares of the computer hardware maker’s stock worth $1,791,000 after purchasing an additional 198 shares during the period. RFG Advisory LLC boosted its stake in NVIDIA by 11.3% in the 4th quarter. RFG Advisory LLC now owns 15,684 shares of the computer hardware maker’s stock worth $7,767,000 after purchasing an additional 1,588 shares during the period. Finally, White Wing Wealth Management acquired a new position in NVIDIA in the 4th quarter worth $695,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the transaction, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last quarter. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Evercore ISI initiated coverage on shares of NVIDIA in a research note on Tuesday. They issued an “outperform” rating and a $1,160.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a research report on Tuesday, February 20th. Wells Fargo & Company boosted their price target on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Finally, Needham & Company LLC boosted their price target on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Up 1.6 %

NVIDIA stock opened at $874.15 on Wednesday. The stock has a market cap of $2.19 trillion, a P/E ratio of 73.21, a P/E/G ratio of 1.27 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The company’s 50-day moving average price is $838.10 and its two-hundred day moving average price is $616.90.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. As a group, analysts expect that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s payout ratio is presently 1.34%.

About NVIDIA

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.