NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Robbins Farley

Robbins Farley increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,592 shares of the computer hardware maker’s stock after buying an additional 104 shares during the period. NVIDIA accounts for approximately 2.6% of Robbins Farley’s holdings, making the stock its 10th biggest holding. Robbins Farley’s holdings in NVIDIA were worth $4,255,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC boosted its stake in shares of NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares during the last quarter. TrueMark Investments LLC acquired a new stake in NVIDIA during the 4th quarter worth $2,639,000. McLean Asset Management Corp raised its position in shares of NVIDIA by 11.7% during the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after acquiring an additional 186 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its stake in shares of NVIDIA by 5.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after purchasing an additional 209 shares during the period. Finally, Shilanski & Associates Inc. boosted its position in shares of 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 purchasing an additional 410 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NVDA. Raymond James raised their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their price objective on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Oppenheimer lifted their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Wolfe Research lifted their price objective on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Wells Fargo & Company increased their target price on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $877.57 on Tuesday. The company has a 50 day moving average of $857.43 and a 200-day moving average of $640.64. The company has a market cap of $2.19 trillion, a PE ratio of 73.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 1-year low of $272.40 and a 1-year high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 93.61% and a net margin of 48.85%. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. As a group, equities research analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s payout ratio is presently 1.34%.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. 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 corporate 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.