Beacon Financial Planning Inc. Acquires 182 Shares of NVIDIA Co. (NASDAQ:NVDA)

Beacon Financial Planning Inc. boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 22.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,006 shares of the computer hardware maker’s stock after buying an additional 182 shares during the period. NVIDIA comprises about 0.4% of Beacon Financial Planning Inc.’s portfolio, making the stock its 22nd biggest holding. Beacon Financial Planning Inc.’s holdings in NVIDIA were worth $498,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. Norges Bank bought a new stake in NVIDIA during the 4th quarter valued at approximately $3,900,874,000. Moneta Group Investment Advisors LLC raised its stake in NVIDIA by 160,446.3% during the 4th 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 purchasing an additional 19,574,443 shares during the period. International Assets Investment Management LLC raised its stake in 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 purchasing an additional 16,835,703 shares during the period. Morgan Stanley increased its stake in NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after acquiring an additional 4,621,002 shares during the last quarter. Finally, Barclays PLC increased its stake in 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 acquiring an additional 2,740,850 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director John Dabiri sold 128 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John Dabiri sold 128 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 in the last three months. 3.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVDA. Argus lifted their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Tuesday, March 19th. Wolfe Research lifted their price objective on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Piper Sandler lifted their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 price objective on shares of NVIDIA in a research note on Thursday, April 4th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Price Performance

Shares of NVDA stock opened at $762.00 on Friday. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.82, a P/E/G ratio of 1.22 and a beta of 1.73. The stock has a fifty day simple moving average of $844.71 and a two-hundred day simple moving average of $622.23. 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 (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, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. On average, analysts predict that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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