Allen Capital Group LLC Boosts Stake in NVIDIA Co. (NASDAQ:NVDA)

Allen Capital Group LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 6,874 shares of the computer hardware maker’s stock after buying an additional 182 shares during the quarter. Allen Capital Group LLC’s holdings in NVIDIA were worth $3,404,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NVDA. Retirement Solution Inc. bought a new stake in NVIDIA during the 3rd quarter valued at about $202,000. Veery Capital LLC increased its position in shares of NVIDIA by 28.0% during the third quarter. Veery Capital LLC now owns 700 shares of the computer hardware maker’s stock worth $304,000 after acquiring an additional 153 shares during the period. Cooper Financial Group raised its stake in shares of NVIDIA by 3.8% during the third quarter. Cooper Financial Group now owns 10,259 shares of the computer hardware maker’s stock valued at $4,462,000 after acquiring an additional 380 shares in the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of NVIDIA by 4.1% in the third quarter. Gilman Hill Asset Management LLC now owns 3,163 shares of the computer hardware maker’s stock valued at $1,376,000 after purchasing an additional 125 shares during the period. Finally, Scharf Investments LLC bought a new position in NVIDIA in the third quarter worth approximately $1,511,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $796.77 on Thursday. The company has a market capitalization of $1.99 trillion, a P/E ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The business’s 50 day moving average is $849.38 and its two-hundred day moving average is $631.03. 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 (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) 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 return on equity of 93.61% and a net margin of 48.85%. The business’s revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related 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 sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, 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 over the last ninety days. Insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NVDA. Piper Sandler Companies lifted their target price on NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Oppenheimer lifted their price objective on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Tigress Financial increased their target price on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Needham & Company LLC boosted their price target on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, KeyCorp increased their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.