RFG Holdings Inc. Has $537,000 Stake in NVIDIA Co. (NASDAQ:NVDA)

RFG Holdings Inc. grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 39.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,084 shares of the computer hardware maker’s stock after buying an additional 307 shares during the period. NVIDIA comprises about 0.3% of RFG Holdings Inc.’s portfolio, making the stock its 17th biggest holding. RFG Holdings Inc.’s holdings in NVIDIA were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nvest Financial LLC boosted its position in shares of NVIDIA by 4.7% in 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 during the period. Worth Financial Advisory Group LLC boosted its stake in NVIDIA by 4.4% during the third 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 boosted its stake in NVIDIA by 33.4% during the third 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 boosted its stake in NVIDIA by 86.4% during the third 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 lifted its holdings in shares of NVIDIA by 23.6% during the third quarter. Ullmann Wealth Partners Group LLC now owns 1,285 shares of the computer hardware maker’s stock valued at $559,000 after acquiring an additional 245 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 3.7 %

NVDA opened at $824.23 on Wednesday. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The stock’s fifty day simple moving average is $848.22 and its 200 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. The stock has a market cap of $2.06 trillion, a PE ratio of 69.03, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period in the prior year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is 1.34%.

Analysts Set New Price Targets

A number of research analysts have issued reports on NVDA shares. Sanford C. Bernstein lifted their price objective on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Jefferies Financial Group boosted their price objective on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Morgan Stanley boosted their target price on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Stifel Nicolaus restated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, Truist Financial boosted their price objective on NVIDIA from $911.00 to $1,177.00 and gave the company 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $940.30.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction 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 sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The stock was 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 in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the 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 completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by corporate insiders.

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.