NVIDIA Co. (NASDAQ:NVDA) Stake Boosted by United Asset Strategies Inc.

United Asset Strategies Inc. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.5% during the 4th quarter, HoldingsChannel reports. The fund owned 29,905 shares of the computer hardware maker’s stock after acquiring an additional 1,817 shares during the period. NVIDIA accounts for 1.7% of United Asset Strategies Inc.’s holdings, making the stock its 13th biggest position. United Asset Strategies Inc.’s holdings in NVIDIA were worth $14,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Imprint Wealth LLC grew its holdings in shares of NVIDIA by 17.5% during the 4th quarter. Imprint Wealth LLC now owns 992 shares of the computer hardware maker’s stock valued at $540,000 after acquiring an additional 148 shares in the last quarter. Prosperitas Financial LLC boosted its holdings in NVIDIA by 4.6% in the fourth quarter. Prosperitas Financial LLC now owns 7,539 shares of the computer hardware maker’s stock worth $3,734,000 after purchasing an additional 330 shares in the last quarter. SVB Wealth LLC boosted its holdings in NVIDIA by 21.3% in the fourth quarter. SVB Wealth LLC now owns 36,319 shares of the computer hardware maker’s stock worth $17,986,000 after purchasing an additional 6,376 shares in the last quarter. First American Trust FSB boosted its holdings in NVIDIA by 168.8% in the fourth quarter. First American Trust FSB now owns 2,282 shares of the computer hardware maker’s stock worth $1,131,000 after purchasing an additional 1,433 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC boosted its holdings in NVIDIA by 1.1% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 3,632 shares of the computer hardware maker’s stock worth $1,799,000 after purchasing an additional 39 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark A. Stevens sold 5,000 shares of the 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 of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 1,119,583 shares in the company, valued at $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 three months. 3.99% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. Truist Financial upped their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Finally, TD Cowen upped their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $796.77 on Thursday. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $849.38 and a 200 day moving average price of $631.03. The firm has a market capitalization of $1.99 trillion, a PE ratio of 66.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid 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 currently 1.34%.

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.