504 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. bought a new position in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 504 shares of the computer hardware maker’s stock, valued at approximately $250,000.

A number of other large investors have also added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC boosted its position in shares of NVIDIA by 68.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 13,032 shares of the computer hardware maker’s stock worth $5,669,000 after purchasing an additional 5,292 shares in the last quarter. 1900 Wealth Management LLC acquired a new stake in NVIDIA in the third quarter worth about $309,000. DAVENPORT & Co LLC grew its stake in shares of NVIDIA by 236.4% during the third quarter. DAVENPORT & Co LLC now owns 149,615 shares of the computer hardware maker’s stock worth $64,920,000 after acquiring an additional 105,144 shares during the last quarter. Eastern Bank increased its holdings in shares of NVIDIA by 9,297.9% during the third quarter. Eastern Bank now owns 52,910 shares of the computer hardware maker’s stock valued at $23,016,000 after acquiring an additional 52,347 shares in the last quarter. Finally, Kozak & Associates Inc. raised its position in shares of NVIDIA by 38.4% in the 3rd quarter. Kozak & Associates Inc. now owns 23,894 shares of the computer hardware maker’s stock valued at $10,935,000 after purchasing an additional 6,633 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction that occurred 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 directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 in the last 90 days. 3.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent analyst reports. Wolfe Research upped their price target on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Sanford C. Bernstein raised their target price on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Jefferies Financial Group boosted their price target on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Tigress Financial increased their price objective on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Up 6.2 %

NVDA stock opened at $877.35 on Monday. The stock has a market capitalization of $2.19 trillion, a P/E ratio of 73.48, a P/E/G ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 52 week low of $266.25 and a 52 week high of $974.00. The firm has a 50-day simple moving average of $854.40 and a 200-day simple moving average of $637.76. 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 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. Equities analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced 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 of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

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.