NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,476 shares of the computer hardware maker’s stock after acquiring an additional 27 shares during the period. Tennessee Valley Asset Management Partners’ holdings in NVIDIA were worth $1,226,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the 4th quarter valued at about $28,000. Your Advocates Ltd. LLP acquired a new stake in NVIDIA in the 3rd quarter valued at about $30,000. O Brien Wealth Partners LLC raised its position in NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares in the last quarter. Trivant Custom Portfolio Group LLC raised its position in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Finally, Beacon Capital Management Inc. acquired a new stake in NVIDIA in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of analyst reports. HSBC increased 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. Stifel Nicolaus reissued a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Sanford C. Bernstein raised their target price on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Needham & Company LLC raised their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Susquehanna reissued a “positive” rating and set a $1,050.00 target price on shares of NVIDIA in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $941.55.

NVIDIA Trading Down 3.9 %

Shares of NVDA stock opened at $830.41 on Thursday. The business’s 50 day moving average is $863.93 and its two-hundred day moving average is $644.83. The company has a market capitalization of $2.08 trillion, a P/E ratio of 69.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a twelve month low of $272.40 and a twelve month high of $974.00. 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 (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s revenue was up 265.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Equities analysts forecast that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date 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 1.34%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 over the last three months. 3.99% of the stock is currently owned by insiders.

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.