IAG Wealth Partners LLC Has $213,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

IAG Wealth Partners LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 430 shares of the computer hardware maker’s stock after acquiring an additional 18 shares during the quarter. IAG Wealth Partners LLC’s holdings in NVIDIA were worth $213,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Eos Management L.P. purchased a new stake in NVIDIA during the 4th quarter worth about $1,635,000. Rather & Kittrell Inc. grew its position in shares of NVIDIA by 8.3% during the 4th quarter. Rather & Kittrell Inc. now owns 575 shares of the computer hardware maker’s stock valued at $285,000 after purchasing an additional 44 shares in the last quarter. KFA Private Wealth Group LLC increased its holdings in shares of NVIDIA by 3.6% in the fourth quarter. KFA Private Wealth Group LLC now owns 2,553 shares of the computer hardware maker’s stock worth $1,264,000 after purchasing an additional 88 shares during the period. Kovack Advisors Inc. grew its stake in NVIDIA by 3.6% in the 4th quarter. Kovack Advisors Inc. now owns 32,636 shares of the computer hardware maker’s stock worth $16,162,000 after buying an additional 1,132 shares in the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in NVIDIA in the fourth quarter worth $1,709,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the 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 owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 10,000 shares of the company’s 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 completion of 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 document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were 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 in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last three months. 3.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Truist Financial lifted their price target on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Benchmark reaffirmed a “buy” rating and issued a $1,000.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Morgan Stanley raised their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. TD Cowen increased their price objective on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Finally, KeyCorp upped their price target on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

NVIDIA Price Performance

NVDA opened at $887.89 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $867.38 and its 200 day moving average price is $649.27. NVIDIA Co. has a fifty-two week low of $272.40 and a fifty-two week high of $974.00. The firm has a market cap of $2.22 trillion, a price-to-earnings ratio of 74.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s 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 expect that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

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