NVIDIA Co. (NASDAQ:NVDA) Stock Position Raised by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,998 shares of the computer hardware maker’s stock after purchasing an additional 48 shares during the quarter. NVIDIA makes up about 2.4% of Eagle Bluffs Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. Eagle Bluffs Wealth Management LLC’s holdings in NVIDIA were worth $3,466,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Retirement Solution Inc. purchased a new stake in shares of NVIDIA in the 3rd quarter worth about $202,000. Veery Capital LLC boosted its position in shares of NVIDIA by 28.0% in the 3rd quarter. Veery Capital LLC now owns 700 shares of the computer hardware maker’s stock worth $304,000 after buying an additional 153 shares in the last quarter. Cooper Financial Group boosted its position in shares of NVIDIA by 3.8% in the 3rd quarter. Cooper Financial Group now owns 10,259 shares of the computer hardware maker’s stock worth $4,462,000 after buying an additional 380 shares in the last quarter. Gilman Hill Asset Management LLC lifted its holdings in NVIDIA by 4.1% in the 3rd 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 in the last quarter. Finally, Scharf Investments LLC acquired a new stake in shares of NVIDIA during the 3rd quarter worth about $1,511,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NVDA shares. Needham & Company LLC raised their price target on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Morgan Stanley raised their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. HSBC raised their price target on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Craig Hallum raised their price target on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, KeyCorp raised their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Trading Down 3.3 %

NVDA opened at $796.77 on Thursday. The firm 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. The firm’s 50 day moving average is $849.38 and its 200-day moving average is $631.03. NVIDIA Co. has a 52-week low of $262.25 and a 52-week 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.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data 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. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 265.3% on a year-over-year basis. Analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other news, 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 sale, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction on 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 completion of the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently 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.