Toth Financial Advisory Corp Purchases 22 Shares of NVIDIA Co. (NASDAQ:NVDA)

Toth Financial Advisory Corp grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,992 shares of the computer hardware maker’s stock after purchasing an additional 22 shares during the quarter. Toth Financial Advisory Corp’s holdings in NVIDIA were worth $2,472,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $28,000. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $30,000. Quarry LP acquired a new stake in shares of NVIDIA during the 1st quarter worth approximately $34,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $39,000. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 128 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last quarter. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Trading Up 1.6 %

Shares of NVIDIA stock opened at $874.15 on Wednesday. NVIDIA Co. has a 52-week low of $262.25 and a 52-week high of $974.00. The stock’s 50-day simple moving average is $838.10 and its 200 day simple moving average is $616.90. The stock has a market capitalization 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 debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. 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 payout ratio is presently 1.34%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NVDA shares. Argus lifted their price target on shares of NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Morgan Stanley lifted their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 price target on shares of NVIDIA in a research report on Tuesday, February 20th. Finally, Wedbush restated an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a research note on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

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.