Safeguard Financial LLC Purchases New Position in NVIDIA Co. (NASDAQ:NVDA)

Safeguard Financial LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 530 shares of the computer hardware maker’s stock, valued at approximately $262,000.

Several other large investors have also recently bought and sold shares of NVDA. Moody Lynn & Lieberson LLC grew its position in shares of NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares during the period. TrueMark Investments LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $2,639,000. McLean Asset Management Corp increased its position in shares of NVIDIA by 11.7% during the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 186 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its position in NVIDIA by 5.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after acquiring an additional 209 shares in the last quarter. Finally, Shilanski & Associates Inc. lifted its holdings in shares of NVIDIA by 15.9% in the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after purchasing an additional 410 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now 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 sold 61,278 shares of company stock worth $52,689,898 over the last three months. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 3.7 %

Shares of NASDAQ NVDA opened at $826.32 on Friday. The stock has a market capitalization of $2.07 trillion, a P/E ratio of 69.21, a PEG ratio of 1.14 and a beta of 1.73. The stock’s fifty day moving average is $851.37 and its 200 day moving average is $632.39. NVIDIA Co. has a 52 week low of $266.25 and a 52 week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Sell-side analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal 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 given a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent research reports. Tigress Financial upped their price target on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Evercore ISI began coverage on shares of NVIDIA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 target price for the company. Jefferies Financial Group boosted their price target on shares of NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Wells Fargo & Company raised their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Finally, Loop Capital began coverage on NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price on the stock. 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.