Soltis Investment Advisors LLC Acquires 1,522 Shares of NVIDIA Co. (NASDAQ:NVDA)

Soltis Investment Advisors LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 17,942 shares of the computer hardware maker’s stock after buying an additional 1,522 shares during the quarter. NVIDIA comprises approximately 1.0% of Soltis Investment Advisors LLC’s portfolio, making the stock its 18th biggest position. Soltis Investment Advisors LLC’s holdings in NVIDIA were worth $8,885,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA in the 4th quarter worth about $28,000. Peoples Financial Services CORP. bought a new stake in NVIDIA in the 3rd quarter worth about $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA in the 3rd quarter worth about $30,000. O Brien Wealth Partners LLC increased its holdings in NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its holdings in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer lifted their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. KeyCorp raised their target price on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Truist Financial raised their target price on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Evercore ISI started coverage on NVIDIA in a research report on Tuesday. They issued an “outperform” rating and a $1,160.00 target price on the stock. Finally, The Goldman Sachs Group raised their target price on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $840.35 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The stock’s 50 day simple moving average is $840.89 and its two-hundred day simple moving average is $618.47. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 70.38, a PEG ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released 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. 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 the consensus estimate of $20.40 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s revenue was up 265.3% compared to the same quarter last year. As a group, equities analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid 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 payout ratio is 1.34%.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 11,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the transaction, the director now owns 1,074,833 shares of the company’s stock, valued at approximately $973,422,506.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the business’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 value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. 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. 3.99% of the stock is currently owned by insiders.

About NVIDIA

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.