ACT Advisors LLC. Purchases 80 Shares of NVIDIA Co. (NASDAQ:NVDA)

ACT Advisors LLC. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 13.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 670 shares of the computer hardware maker’s stock after buying an additional 80 shares during the quarter. NVIDIA comprises approximately 0.2% of ACT Advisors LLC.’s investment portfolio, making the stock its 29th largest position. ACT Advisors LLC.’s holdings in NVIDIA were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Nvest Financial LLC increased its holdings in shares of NVIDIA by 4.7% during the third quarter. Nvest Financial LLC now owns 883 shares of the computer hardware maker’s stock valued at $384,000 after acquiring an additional 40 shares in the last quarter. Worth Financial Advisory Group LLC increased its holdings in NVIDIA by 4.4% in the 3rd quarter. Worth Financial Advisory Group LLC now owns 1,737 shares of the computer hardware maker’s stock worth $756,000 after buying an additional 74 shares in the last quarter. Sanders Morris Harris LLC increased its holdings in NVIDIA by 33.4% in the 3rd quarter. Sanders Morris Harris LLC now owns 26,555 shares of the computer hardware maker’s stock worth $11,846,000 after buying an additional 6,642 shares in the last quarter. Congress Park Capital LLC increased its holdings in NVIDIA by 86.4% in the 3rd quarter. Congress Park Capital LLC now owns 5,974 shares of the computer hardware maker’s stock worth $2,599,000 after buying an additional 2,769 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC increased its holdings in NVIDIA by 23.6% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 1,285 shares of the computer hardware maker’s stock worth $559,000 after buying an additional 245 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

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

NVIDIA Stock Performance

NASDAQ:NVDA opened at $824.23 on Wednesday. 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 stock’s 50 day simple moving average is $848.22 and its two-hundred day simple moving average is $629.87. The company 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 released its quarterly earnings results 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 company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. NVIDIA’s quarterly revenue was up 265.3% compared to the same quarter last year. As a group, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm 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 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVDA. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 price objective on shares of NVIDIA in a report on Monday, March 4th. Morgan Stanley lifted their price objective on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Tigress Financial raised their target price on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price on the stock. Finally, HSBC raised their target price on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Four investment 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’s stock. According to MarketBeat, the company presently 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.