Conservest Capital Advisors Inc. Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Conservest Capital Advisors Inc. bought a new position in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, Holdings Channel reports. The firm bought 420 shares of the computer hardware maker’s stock, valued at approximately $208,000.

A number of other large investors have also bought and sold shares of NVDA. Moody Lynn & Lieberson LLC boosted its holdings in shares of NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after acquiring an additional 5,998 shares during the period. TrueMark Investments LLC bought a new position in shares of NVIDIA in the fourth quarter worth $2,639,000. McLean Asset Management Corp boosted its stake in NVIDIA by 11.7% during the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after buying an additional 186 shares during the period. Cornercap Investment Counsel Inc. boosted its stake in NVIDIA by 5.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after buying an additional 209 shares during the period. Finally, Shilanski & Associates Inc. boosted its stake in NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after buying an additional 410 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler Companies lifted their price objective on NVIDIA to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Craig Hallum lifted their price objective on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Mizuho lifted their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Raymond James lifted their price objective on NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 11th. Finally, Argus lifted their price target on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $941.55.

NVIDIA Price Performance

Shares of NVDA stock opened at $921.40 on Tuesday. The business’s fifty day moving average is $869.99 and its 200 day moving average is $655.88. 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 stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 77.17, a PEG ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a twelve month low of $280.46 and a twelve 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 for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the prior year, the firm earned $0.65 EPS. The company’s revenue was up 265.3% compared to the same quarter last year. Research analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed 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. 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 payout ratio is 1.34%.

Insider Transactions at NVIDIA

In other 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 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 approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 11,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the sale, the director now owns 1,074,833 shares of the company’s stock, valued at $973,422,506.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

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.