Greenleaf Trust Purchases 53 Shares of NVIDIA Co. (NASDAQ:NVDA)

Greenleaf Trust boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 89,154 shares of the computer hardware maker’s stock after acquiring an additional 53 shares during the quarter. NVIDIA makes up about 0.5% of Greenleaf Trust’s portfolio, making the stock its 14th biggest position. Greenleaf Trust’s holdings in NVIDIA were worth $44,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in NVDA. Naples Money Management LLC purchased a new stake in NVIDIA in the fourth quarter worth $6,086,000. Tanager Wealth Management LLP grew its holdings in shares of NVIDIA by 70.7% in the fourth quarter. Tanager Wealth Management LLP now owns 925 shares of the computer hardware maker’s stock worth $458,000 after purchasing an additional 383 shares during the last quarter. KFG Wealth Management LLC increased its stake in NVIDIA by 6.7% in the 4th quarter. KFG Wealth Management LLC now owns 1,379 shares of the computer hardware maker’s stock worth $683,000 after buying an additional 86 shares during the period. Roth Financial Partners LLC bought a new stake in NVIDIA during the 4th quarter valued at about $421,000. Finally, Schear Investment Advisers LLC boosted its position in NVIDIA by 20.7% in the 4th quarter. Schear Investment Advisers LLC now owns 11,352 shares of the computer hardware maker’s stock valued at $5,622,000 after buying an additional 1,943 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction 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 sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the company’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 directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last three months. 3.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. The Goldman Sachs Group raised their price objective on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Morgan Stanley raised their price target on NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Wells Fargo & Company upped their price objective on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. HSBC increased 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. Finally, Piper Sandler Companies boosted their price target on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Trading Up 6.2 %

Shares of NASDAQ:NVDA opened at $877.35 on Monday. 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 Co. has a 52-week low of $266.25 and a 52-week high of $974.00. The stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.48, a PEG ratio of 1.26 and a beta of 1.73. The business has a 50-day moving average price of $854.40 and a 200-day moving average price of $637.76.

NVIDIA (NASDAQ:NVDA) last posted its quarterly 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 company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the firm posted $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. Equities analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

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

About NVIDIA

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.