NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Carr Financial Group Corp

Carr Financial Group Corp grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,768 shares of the computer hardware maker’s stock after purchasing an additional 187 shares during the quarter. Carr Financial Group Corp’s holdings in NVIDIA were worth $1,371,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Blossom Wealth Management raised its position in NVIDIA by 34.2% in the fourth quarter. Blossom Wealth Management now owns 6,634 shares of the computer hardware maker’s stock worth $3,285,000 after acquiring an additional 1,690 shares in the last quarter. Gruss & Co. LLC raised its position in NVIDIA by 100.0% in the fourth quarter. Gruss & Co. LLC now owns 2,000 shares of the computer hardware maker’s stock worth $990,000 after acquiring an additional 1,000 shares in the last quarter. Cherry Creek Investment Advisors Inc. raised its position in NVIDIA by 6.0% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 13,365 shares of the computer hardware maker’s stock worth $6,618,000 after acquiring an additional 758 shares in the last quarter. Krilogy Financial LLC raised its position in NVIDIA by 9.6% in the fourth quarter. Krilogy Financial LLC now owns 25,229 shares of the computer hardware maker’s stock worth $12,494,000 after acquiring an additional 2,205 shares in the last quarter. Finally, Jmac Enterprises LLC raised its position in NVIDIA by 2.9% in the fourth quarter. Jmac Enterprises LLC now owns 7,417 shares of the computer hardware maker’s stock worth $3,673,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were 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 in the company, valued at approximately $1,931,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NVDA. Truist Financial boosted their price target on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. TD Cowen boosted their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Piper Sandler boosted their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Finally, Sanford C. Bernstein boosted their price objective on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” 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 given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $840.35 on Thursday. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The firm’s fifty day simple moving average is $840.89 and its 200 day simple moving average is $618.47. 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 firm has a market capitalization of $2.10 trillion, a PE ratio of 70.38, a PEG ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its earnings results 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. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the business posted $0.65 EPS. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. On average, sell-side analysts anticipate 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. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s payout ratio is presently 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.