NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,279 shares of the computer hardware maker’s stock after acquiring an additional 91 shares during the period. Beaumont Financial Advisors LLC’s holdings in NVIDIA were worth $10,538,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NVDA. Lodestar Private Asset Management LLC boosted its position in shares of NVIDIA by 1.0% in the fourth quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock worth $818,000 after acquiring an additional 17 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its position in shares of NVIDIA by 0.6% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock worth $1,481,000 after acquiring an additional 18 shares during the last quarter. Aprio Wealth Management LLC boosted its position in shares of NVIDIA by 1.8% in the fourth quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock worth $523,000 after acquiring an additional 19 shares during the last quarter. Palumbo Wealth Management LLC raised its holdings in NVIDIA by 0.7% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock valued at $1,395,000 after buying an additional 19 shares during the period. Finally, Corundum Group Inc. raised its holdings in NVIDIA by 0.8% in the fourth quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker’s stock valued at $1,179,000 after buying an additional 19 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. 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 company insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $877.35 on Friday. The company has a market cap of $2.19 trillion, a PE ratio of 73.48, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a fifty day moving average price of $854.40 and a two-hundred day moving average price of $636.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 12 month low of $266.25 and a 12 month high of $974.00.

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

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently commented on NVDA shares. TD Cowen raised their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. The Goldman Sachs Group raised their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Rosenblatt Securities restated a “buy” rating and issued a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Truist Financial raised their price target on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Wedbush restated an “outperform” rating and issued a $1,000.00 price target on shares of NVIDIA in a report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.