12,290 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Naples Money Management LLC

Naples Money Management LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, Holdings Channel reports. The firm purchased 12,290 shares of the computer hardware maker’s stock, valued at approximately $6,086,000. NVIDIA makes up approximately 5.7% of Naples Money Management LLC’s portfolio, making the stock its 2nd biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in NVDA. Moody Lynn & Lieberson LLC grew its stake in NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after acquiring an additional 5,998 shares during the period. TrueMark Investments LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at $2,639,000. McLean Asset Management Corp increased its stake in NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 186 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its position in NVIDIA by 5.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock worth $1,931,000 after buying an additional 209 shares during the period. Finally, Shilanski & Associates Inc. boosted its stake in NVIDIA by 15.9% in the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after buying an additional 410 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 6.2 %

NVDA stock opened at $877.35 on Monday. The stock has a market cap of $2.19 trillion, a PE ratio of 73.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $266.25 and a fifty-two 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. The firm’s 50-day simple moving average is $854.40 and its 200 day simple moving average is $637.76.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the company posted $0.65 EPS. The company’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 company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NVDA shares. Needham & Company LLC upped their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Bank of America upped their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Argus increased their target price on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, Citigroup boosted their price target on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA 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 transaction, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of 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 is available through the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction on Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the transaction, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. 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. 3.99% of the stock is owned by company insiders.

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.