J.W. Cole Advisors Inc. Buys 2,098 Shares of NVIDIA Co. (NASDAQ:NVDA)

J.W. Cole Advisors Inc. lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,019 shares of the computer hardware maker’s stock after purchasing an additional 2,098 shares during the quarter. NVIDIA accounts for about 0.9% of J.W. Cole Advisors Inc.’s portfolio, making the stock its 14th largest position. J.W. Cole Advisors Inc.’s holdings in NVIDIA were worth $15,362,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on NVDA shares. Tigress Financial lifted their price target on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Jefferies Financial Group lifted their target price on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Loop Capital began coverage on NVIDIA in a research report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target on the stock. CICC Research initiated coverage on NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective for the company. Finally, Evercore ISI assumed coverage on NVIDIA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated 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 in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now 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 have sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 6.2 %

Shares of NVIDIA stock opened at $877.35 on Monday. The firm has a market cap of $2.19 trillion, a PE ratio of 73.48, a P/E/G ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 1 year low of $266.25 and a 1 year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a fifty 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 data 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. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

NVIDIA 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.