NVIDIA Co. (NASDAQ:NVDA) Holdings Raised by Lindbrook Capital LLC

Lindbrook Capital LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 37,721 shares of the computer hardware maker’s stock after purchasing an additional 1,333 shares during the period. NVIDIA comprises 1.9% of Lindbrook Capital LLC’s holdings, making the stock its 9th largest position. Lindbrook Capital LLC’s holdings in NVIDIA were worth $18,680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NVDA. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA in the 4th quarter worth $28,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the third quarter worth about $30,000. Trivant Custom Portfolio Group LLC boosted its position in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. O Brien Wealth Partners LLC raised its position in NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the last quarter. Finally, Beacon Capital Management Inc. acquired a new stake in NVIDIA during the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, 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 sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at $945,366,393.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, 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 over the last 90 days. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $877.57 on Tuesday. 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 market capitalization of $2.19 trillion, a price-to-earnings ratio of 73.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The business has a 50-day moving average of $857.43 and a 200 day moving average of $640.64. NVIDIA Co. has a 12 month low of $272.40 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDA) last released 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. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research reports. Mizuho boosted their target price on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. HSBC lifted their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Bank of America lifted their target price on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Piper Sandler lifted their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.