Imprint Wealth LLC Boosts Position in NVIDIA Co. (NASDAQ:NVDA)

Imprint Wealth LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 992 shares of the computer hardware maker’s stock after purchasing an additional 148 shares during the quarter. Imprint Wealth LLC’s holdings in NVIDIA were worth $540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Prosperitas Financial LLC lifted its position in NVIDIA by 4.6% in the 4th quarter. Prosperitas Financial LLC now owns 7,539 shares of the computer hardware maker’s stock worth $3,734,000 after buying an additional 330 shares during the last quarter. SVB Wealth LLC lifted its position in NVIDIA by 21.3% in the 4th quarter. SVB Wealth LLC now owns 36,319 shares of the computer hardware maker’s stock worth $17,986,000 after buying an additional 6,376 shares during the last quarter. First American Trust FSB lifted its position in NVIDIA by 168.8% in the 4th quarter. First American Trust FSB now owns 2,282 shares of the computer hardware maker’s stock worth $1,131,000 after buying an additional 1,433 shares during the last quarter. Hamilton Point Investment Advisors LLC lifted its position in NVIDIA by 1.1% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 3,632 shares of the computer hardware maker’s stock worth $1,799,000 after buying an additional 39 shares during the last quarter. Finally, ACT Advisors LLC. lifted its position in NVIDIA by 13.6% in the 4th quarter. ACT Advisors LLC. now owns 670 shares of the computer hardware maker’s stock worth $332,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson boosted their price objective on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Piper Sandler Companies boosted their price objective on NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Citigroup boosted their price objective on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Oppenheimer raised their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upped their price target on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Four 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Down 3.3 %

NASDAQ NVDA opened at $796.77 on Thursday. The stock’s 50 day moving average is $849.38 and its 200 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 Co. has a 12 month low of $262.25 and a 12 month high of $974.00. The stock has a market cap of $1.99 trillion, a PE ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping 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 company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the previous year, the firm earned $0.65 EPS. The firm’s revenue was up 265.3% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 128 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was 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 approximately $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the business’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 transaction of $410,229.00. Following the transaction, the insider now 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 the SEC website. Also, Director John Dabiri sold 128 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares in the company, valued at approximately $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 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.

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.