1,315 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by Private Client Services LLC

Private Client Services LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,315 shares of the computer hardware maker’s stock, valued at approximately $651,000.

Other institutional investors have also bought and sold shares of the company. Nvest Financial LLC boosted its position in NVIDIA by 4.7% in the third quarter. Nvest Financial LLC now owns 883 shares of the computer hardware maker’s stock worth $384,000 after purchasing an additional 40 shares during the last quarter. Worth Financial Advisory Group LLC boosted its position in NVIDIA by 4.4% in the third quarter. Worth Financial Advisory Group LLC now owns 1,737 shares of the computer hardware maker’s stock worth $756,000 after purchasing an additional 74 shares during the last quarter. Sanders Morris Harris LLC boosted its position in NVIDIA by 33.4% in the third quarter. Sanders Morris Harris LLC now owns 26,555 shares of the computer hardware maker’s stock worth $11,846,000 after purchasing an additional 6,642 shares during the last quarter. Congress Park Capital LLC boosted its position in NVIDIA by 86.4% in the third quarter. Congress Park Capital LLC now owns 5,974 shares of the computer hardware maker’s stock worth $2,599,000 after purchasing an additional 2,769 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC boosted its position in NVIDIA by 23.6% in the third quarter. Ullmann Wealth Partners Group LLC now owns 1,285 shares of the computer hardware maker’s stock worth $559,000 after purchasing an additional 245 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. 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 ninety days. 3.99% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA opened at $824.23 on Wednesday. The stock’s 50 day simple moving average is $848.22 and its 200 day simple moving average is $629.87. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. 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 $2.06 trillion, a price-to-earnings ratio of 69.03, a PEG ratio of 1.09 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the company earned $0.65 EPS. NVIDIA’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 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Truist Financial boosted their price objective on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Piper Sandler boosted their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Wedbush reaffirmed an “outperform” rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Tuesday, March 19th. Bank of America upped their price target on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Loop Capital assumed coverage on NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective on the stock. Four equities 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.