Signature Estate & Investment Advisors LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Signature Estate & Investment Advisors LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 28.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,777 shares of the computer hardware maker’s stock after acquiring an additional 1,281 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in NVIDIA were worth $2,862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in NVIDIA during the fourth quarter valued at about $3,900,874,000. Moneta Group Investment Advisors LLC boosted its stake in NVIDIA by 160,446.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after acquiring an additional 19,574,443 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after acquiring an additional 16,835,703 shares during the period. Morgan Stanley increased its stake in shares of NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of NVIDIA by 55.7% in the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after purchasing an additional 2,740,850 shares during the period. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on NVDA. Cantor Fitzgerald reissued an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research report on Monday, March 4th. Bank of America lifted their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a report on Tuesday, March 19th. Piper Sandler Companies lifted their target price on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, KeyCorp upped their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Four 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 company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

Insider Activity

In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the 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 completion of the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 0.8 %

NASDAQ NVDA opened at $846.71 on Friday. The stock has a 50-day moving average of $843.90 and a 200-day moving average of $620.05. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The firm has a market cap 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.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm 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 earnings per share. The business’s revenue was up 265.3% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Announces Dividend

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

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.