Keener Financial Planning LLC Buys Shares of 431 NVIDIA Co. (NASDAQ:NVDA)

Keener Financial Planning LLC bought a new stake in NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, Holdings Channel.com reports. The fund bought 431 shares of the computer hardware maker’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harbour Trust & Investment Management Co purchased a new stake in shares of NVIDIA during the fourth quarter worth about $55,749,000. Sather Financial Group Inc grew its stake in shares of NVIDIA by 7.6% during the fourth quarter. Sather Financial Group Inc now owns 596 shares of the computer hardware maker’s stock worth $295,000 after acquiring an additional 42 shares during the last quarter. Hemington Wealth Management grew its stake in shares of NVIDIA by 39.9% during the fourth quarter. Hemington Wealth Management now owns 2,551 shares of the computer hardware maker’s stock worth $1,263,000 after acquiring an additional 728 shares during the last quarter. Toth Financial Advisory Corp grew its stake in shares of NVIDIA by 0.4% during the fourth quarter. Toth Financial Advisory Corp now owns 4,992 shares of the computer hardware maker’s stock worth $2,472,000 after acquiring an additional 22 shares during the last quarter. Finally, Optas LLC grew its stake in shares of NVIDIA by 17.1% during the fourth quarter. Optas LLC now owns 11,030 shares of the computer hardware maker’s stock worth $5,462,000 after acquiring an additional 1,607 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $840.35 on Thursday. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00. The business’s fifty day simple moving average is $840.89 and its 200-day simple moving average is $618.47. The firm has a market cap of $2.10 trillion, a PE ratio of 70.38, a price-to-earnings-growth ratio of 1.24 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 (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The company’s quarterly revenue was up 265.3% on a year-over-year basis. Equities analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NVDA shares. Sanford C. Bernstein boosted their price target on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. UBS Group boosted their price objective on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Needham & Company LLC boosted their price objective on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a research report on Monday, March 4th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $940.30.

Insider Activity

In related news, Director Mark A. Stevens sold 10,000 shares of the 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 transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly 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 valued at $52,689,898 in the last quarter. Insiders own 3.99% of the company’s stock.

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.