RFG Advisory LLC Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

RFG Advisory LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,684 shares of the computer hardware maker’s stock after acquiring an additional 1,588 shares during the quarter. RFG Advisory LLC’s holdings in NVIDIA were worth $7,767,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of NVIDIA by 1.1% during the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after acquiring an additional 2,287,471 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NVIDIA by 0.6% in the first quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker’s stock worth $12,763,663,000 after purchasing an additional 267,061 shares during the last quarter. Morgan Stanley grew its holdings in shares of NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares during the last quarter. Norges Bank bought a new position in shares of NVIDIA in the fourth quarter worth approximately $3,900,874,000. Finally, Northern Trust Corp grew its holdings in shares of NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after purchasing an additional 910,009 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NVDA shares. HSBC raised their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Raymond James lifted their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Argus lifted their price target on shares of NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Truist Financial lifted their price target on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Needham & Company LLC lifted their price target on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $940.30.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $874.15 on Wednesday. NVIDIA Co. has a fifty-two week low of $262.25 and a fifty-two week high of $974.00. The business has a 50-day simple moving average of $838.10 and a two-hundred day simple moving average of $616.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73.

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

NVIDIA Dividend Announcement

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 $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

NVIDIA Profile

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.