Keel Point LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Keel Point LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,311 shares of the computer hardware maker’s stock after buying an additional 999 shares during the period. Keel Point LLC’s holdings in NVIDIA were worth $3,620,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Oak Family Advisors LLC boosted its holdings in shares of NVIDIA by 10,083.3% during the 4th quarter. Oak Family Advisors LLC now owns 599 shares of the computer hardware maker’s stock valued at $297,000 after purchasing an additional 605 shares during the last quarter. Bourgeon Capital Management LLC boosted its holdings in shares of NVIDIA by 31.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 423 shares of the computer hardware maker’s stock valued at $209,000 after purchasing an additional 100 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of NVIDIA by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 796,406 shares of the computer hardware maker’s stock valued at $394,396,000 after purchasing an additional 24,949 shares during the last quarter. TNF LLC bought a new position in shares of NVIDIA during the 4th quarter valued at about $383,000. Finally, Investors Research Corp boosted its holdings in shares of NVIDIA by 14.7% during the 4th quarter. Investors Research Corp now owns 461 shares of the computer hardware maker’s stock valued at $228,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The shares were 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 $1,931,700. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 over the last ninety days. 3.99% of the stock is currently owned by insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $824.23 on Wednesday. The firm’s fifty day simple moving average is $848.22 and its two-hundred day simple moving average is $629.87. 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 12-month low of $262.25 and a 12-month high of $974.00. The firm has a market capitalization of $2.06 trillion, a P/E ratio of 69.03, a P/E/G ratio of 1.09 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 analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. Analysts forecast that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued 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 of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analysts Set New Price Targets

A number of research analysts recently commented on NVDA shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. HSBC increased their price target on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a report on Monday, March 18th. Tigress Financial increased their price target on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Evercore ISI started coverage on shares of NVIDIA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price target for the company. Finally, Craig Hallum increased their price target on shares of NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Four 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

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.