NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Flputnam Investment Management Co.

Flputnam Investment Management Co. grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 126.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 39,949 shares of the computer hardware maker’s stock after buying an additional 22,317 shares during the period. Flputnam Investment Management Co.’s holdings in NVIDIA were worth $19,784,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new position in NVIDIA during the 4th quarter worth approximately $28,000. Peoples Financial Services CORP. purchased a new stake in shares of NVIDIA during the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA during the 3rd quarter worth approximately $30,000. Trivant Custom Portfolio Group LLC lifted its stake in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. Finally, O Brien Wealth Partners LLC lifted its stake in NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

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. The firm has a 50-day moving average of $848.22 and a two-hundred day moving average of $629.87. The stock has a market cap of $2.06 trillion, a P/E ratio of 69.03, a PEG ratio of 1.09 and a beta of 1.73. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted 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 company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. On average, research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s payout ratio is currently 1.34%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. DA Davidson upped their target price on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Wedbush reissued an “outperform” rating and set a $1,000.00 price target on shares of NVIDIA in a research note on Tuesday, March 19th. Argus increased their price target on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Piper Sandler Companies increased their price target on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, Bank of America increased their price target on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. 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 stock. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Company 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.