Hemington Wealth Management Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)

Hemington Wealth Management grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 39.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,551 shares of the computer hardware maker’s stock after buying an additional 728 shares during the period. Hemington Wealth Management’s holdings in NVIDIA were worth $1,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA in the 4th quarter valued at $28,000. Peoples Financial Services CORP. bought a new stake in NVIDIA during the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA during the 3rd quarter valued at $30,000. Quarry LP bought a new stake in NVIDIA during the 1st quarter valued at $34,000. Finally, Compass Wealth Management LLC bought a new stake in NVIDIA during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the subject of several research reports. Piper Sandler upped their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Stifel Nicolaus restated a “buy” rating and issued a $910.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Needham & Company LLC upped their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Piper Sandler Companies upped their price objective on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Craig Hallum increased their price target on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Performance

NVDA opened at $840.35 on Thursday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 70.38, a PEG ratio of 1.24 and a beta of 1.73. The company’s 50 day moving average is $840.89 and its 200 day moving average is $618.47. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00.

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

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid 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 of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

NVIDIA Company 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.