Cerity Partners LLC Buys 926,740 Shares of NVIDIA Co. (NASDAQ:NVDA)

Cerity Partners LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 250.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296,891 shares of the computer hardware maker’s stock after acquiring an additional 926,740 shares during the period. NVIDIA accounts for approximately 1.1% of Cerity Partners LLC’s holdings, making the stock its 19th largest position. Cerity Partners LLC’s holdings in NVIDIA were worth $642,246,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NVDA. Indie Asset Partners LLC grew its holdings in NVIDIA by 11.2% during the fourth quarter. Indie Asset Partners LLC now owns 841 shares of the computer hardware maker’s stock worth $417,000 after purchasing an additional 85 shares during the period. Priebe Wealth Holdings LLC bought a new position in NVIDIA during the fourth quarter worth about $285,000. Seelaus Asset Management LLC grew its holdings in NVIDIA by 2.9% during the fourth quarter. Seelaus Asset Management LLC now owns 890 shares of the computer hardware maker’s stock worth $441,000 after purchasing an additional 25 shares during the period. Cedrus LLC grew its holdings in NVIDIA by 98.7% during the fourth quarter. Cedrus LLC now owns 1,369 shares of the computer hardware maker’s stock worth $678,000 after purchasing an additional 680 shares during the period. Finally, Hendley & Co. Inc. grew its holdings in NVIDIA by 1.8% during the fourth quarter. Hendley & Co. Inc. now owns 1,725 shares of the computer hardware maker’s stock worth $854,000 after purchasing an additional 30 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 0.8 %

Shares of NASDAQ:NVDA opened at $846.71 on Friday. The company has a fifty day moving average of $843.90 and a 200-day moving average of $620.05. The company has a market capitalization of $2.12 trillion, a PE ratio of 70.91, a price-to-earnings-growth ratio of 1.26 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 Co. has a 52-week low of $262.25 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during 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 company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is 1.34%.

Insider Buying and Selling

In related news, Director John Dabiri sold 128 shares of the business’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 sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, 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 SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 128 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. 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 over the last 90 days. 3.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NVDA has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their price target on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. The Goldman Sachs Group boosted their price objective on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Morgan Stanley boosted their price objective on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 price objective on shares of NVIDIA in a report on Tuesday, February 20th. Finally, Citigroup boosted their price objective on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $940.30.

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.