Round Rock Advisors LLC Has $527,000 Holdings in NVIDIA Co. (NASDAQ:NVDA)

Round Rock Advisors LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,064 shares of the computer hardware maker’s stock after acquiring an additional 84 shares during the quarter. Round Rock Advisors LLC’s holdings in NVIDIA were worth $527,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the 4th quarter worth approximately $28,000. Peoples Financial Services CORP. purchased a new stake in shares of NVIDIA in the third quarter valued at about $30,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA during the third quarter valued at about $30,000. Quarry LP bought a new position in shares of NVIDIA during the 1st quarter worth approximately $34,000. Finally, Compass Wealth Management LLC purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $39,000. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Mizuho upped their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Evercore ISI initiated coverage on shares of NVIDIA in a report on Tuesday. They set an “outperform” rating and a $1,160.00 price objective for the company. Raymond James increased their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 11th. Benchmark reaffirmed a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Finally, Sanford C. Bernstein increased their price objective on NVIDIA from $700.00 to $1,000.00 and gave the company 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John Dabiri sold 128 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last 90 days. 3.99% of the stock is owned by company insiders.

NVIDIA Trading Up 0.8 %

Shares of NVDA stock opened at $846.71 on Friday. The business has a 50-day moving average price of $843.90 and a two-hundred day moving average price of $620.05. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.12 trillion, a P/E ratio of 70.91, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share 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 company had revenue of $22.10 billion during 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. NVIDIA’s quarterly revenue was up 265.3% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

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.