NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,251 shares of the computer hardware maker’s stock after purchasing an additional 164 shares during the quarter. Harbor Investment Advisory LLC’s holdings in NVIDIA were worth $2,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Peoples Financial Services CORP. bought a new position in NVIDIA during the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA during the 3rd quarter valued at $30,000. Quarry LP bought a new stake in shares of NVIDIA in the 1st quarter worth $34,000. Finally, Compass Wealth Management LLC bought a new position in NVIDIA during the fourth quarter valued at about $39,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 0.8 %

Shares of NVDA stock opened at $846.71 on Friday. The stock’s 50 day simple moving average is $843.90 and its 200 day simple moving average is $620.05. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. 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 company has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 70.91, a PEG ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. As a group, research analysts predict that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 128 shares of the firm’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 owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on NVDA. Susquehanna reiterated a “positive” rating and issued a $1,050.00 price target on shares of NVIDIA in a research report on Thursday, April 4th. UBS Group raised their target price on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Sanford C. Bernstein upped 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. Bank of America raised their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Evercore ISI assumed coverage on NVIDIA in a research report on Tuesday. They set an “outperform” rating and a $1,160.00 target price on the stock. 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 data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

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.