NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Echo45 Advisors LLC

Echo45 Advisors LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 12.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,486 shares of the computer hardware maker’s stock after buying an additional 163 shares during the period. NVIDIA comprises approximately 0.6% of Echo45 Advisors LLC’s holdings, making the stock its 20th largest position. Echo45 Advisors LLC’s holdings in NVIDIA were worth $736,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NVDA. Fidelis Capital Partners LLC grew its stake in shares of NVIDIA by 38.2% in the 4th quarter. Fidelis Capital Partners LLC now owns 19,082 shares of the computer hardware maker’s stock worth $9,450,000 after purchasing an additional 5,272 shares during the last quarter. Western Wealth Management LLC grew its stake in shares of NVIDIA by 4.2% in the 4th quarter. Western Wealth Management LLC now owns 29,284 shares of the computer hardware maker’s stock worth $14,502,000 after purchasing an additional 1,170 shares during the last quarter. Bender Robert & Associates grew its stake in shares of NVIDIA by 0.4% in the 4th quarter. Bender Robert & Associates now owns 75,039 shares of the computer hardware maker’s stock worth $37,161,000 after purchasing an additional 275 shares during the last quarter. Gray Wealth Management Inc. grew its stake in shares of NVIDIA by 2.7% in the 4th quarter. Gray Wealth Management Inc. now owns 845 shares of the computer hardware maker’s stock worth $418,000 after purchasing an additional 22 shares during the last quarter. Finally, Family Capital Management Inc. grew its stake in shares of NVIDIA by 2.9% in the 4th quarter. Family Capital Management Inc. now owns 1,327 shares of the computer hardware maker’s stock worth $657,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction 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 owns 1,119,583 shares in the company, 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 NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction 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 owns 1,119,583 shares in the company, 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. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction 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 sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 over the last 90 days. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 6.2 %

Shares of NVDA stock opened at $877.35 on Friday. NVIDIA Co. has a 1 year low of $266.25 and a 1 year high of $974.00. The firm’s fifty day simple moving average is $854.40 and its 200 day simple moving average is $636.58. The firm has a market capitalization of $2.19 trillion, a P/E ratio of 73.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. 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 (NASDAQ:NVDA) last announced its earnings results 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. 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 analyst estimates of $20.40 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $910.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Tuesday, March 19th. HSBC raised their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Wolfe Research raised their target price on shares of NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.