NVIDIA Co. (NASDAQ:NVDA) Shares Bought by PDS Planning Inc

PDS Planning Inc raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,004 shares of the computer hardware maker’s stock after acquiring an additional 288 shares during the period. NVIDIA accounts for 0.7% of PDS Planning Inc’s investment portfolio, making the stock its 28th biggest position. PDS Planning Inc’s holdings in NVIDIA were worth $6,440,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. CX Institutional increased its stake in NVIDIA by 1.8% in the 3rd quarter. CX Institutional now owns 7,283 shares of the computer hardware maker’s stock valued at $3,168,000 after buying an additional 126 shares during the period. RFG Holdings Inc. acquired a new position in shares of NVIDIA in the third quarter worth $338,000. Galvin Gaustad & Stein LLC raised its holdings in shares of NVIDIA by 25.6% during the third quarter. Galvin Gaustad & Stein LLC now owns 2,434 shares of the computer hardware maker’s stock worth $1,059,000 after acquiring an additional 496 shares in the last quarter. Syntegra Private Wealth Group LLC boosted its position in NVIDIA by 2.4% during the third quarter. Syntegra Private Wealth Group LLC now owns 1,906 shares of the computer hardware maker’s stock valued at $829,000 after purchasing an additional 45 shares during the last quarter. Finally, SS&H Financial Advisors Inc. acquired a new position in NVIDIA in the 3rd quarter worth about $5,550,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NVDA. JPMorgan Chase & Co. boosted their price target on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Benchmark restated a “buy” rating and set a $1,000.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Craig Hallum upped their price objective on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Raymond James increased their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 11th. Finally, Truist Financial boosted their target price on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Four investment 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. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $941.55.

Insider Activity

In related news, Director Mark A. Stevens sold 10,000 shares of the company’s 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 transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on 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 owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $830.41 on Thursday. 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’s fifty day simple moving average is $863.93 and its 200 day simple moving average is $644.83. NVIDIA Co. has a one year low of $272.40 and a one year high of $974.00. The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 69.55, a P/E/G ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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