Morton Brown Family Wealth LLC Purchases 50 Shares of NVIDIA Co. (NASDAQ:NVDA)

Morton Brown Family Wealth LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 14.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 398 shares of the computer hardware maker’s stock after purchasing an additional 50 shares during the quarter. Morton Brown Family Wealth LLC’s holdings in NVIDIA were worth $197,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Campbell Newman Asset Management Inc. boosted its stake in shares of NVIDIA by 0.6% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock valued at $1,481,000 after purchasing an additional 18 shares during the period. Aprio Wealth Management LLC raised its holdings in NVIDIA by 1.8% during the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after buying an additional 19 shares during the last quarter. Palumbo Wealth Management LLC boosted its position in NVIDIA by 0.7% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock valued at $1,395,000 after buying an additional 19 shares during the period. Corundum Group Inc. grew its holdings in NVIDIA by 0.8% in the 4th quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker’s stock worth $1,179,000 after acquiring an additional 19 shares during the last quarter. Finally, North Star Investment Management Corp. increased its position in shares of NVIDIA by 0.3% in the fourth quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock valued at $3,463,000 after acquiring an additional 20 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was 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 of the company’s stock, valued at $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 128 shares of the business’s stock in a transaction dated 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 directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last 90 days. Company insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $846.71 on Friday. The company’s 50-day simple moving average is $843.90 and its two-hundred day simple moving average is $620.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The stock has a market capitalization of $2.12 trillion, a P/E ratio of 70.91, a P/E/G ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 52-week low of $262.25 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share 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 company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, analysts predict that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NVDA shares. Evercore ISI started coverage on NVIDIA in a research note on Tuesday. They issued an “outperform” rating and a $1,160.00 target price on the stock. UBS Group lifted their price objective on NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Jefferies Financial Group upped their target price on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Tigress Financial lifted their price target on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Wolfe Research upped their price objective on shares of NVIDIA from $630.00 to $900.00 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.