NVIDIA Co. (NASDAQ:NVDA) Position Boosted by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 17.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,185 shares of the computer hardware maker’s stock after acquiring an additional 2,109 shares during the period. NVIDIA comprises approximately 4.5% of Pursue Wealth Partners LLC’s holdings, making the stock its 6th biggest holding. Pursue Wealth Partners LLC’s holdings in NVIDIA were worth $7,025,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NVDA. PGGM Investments increased its stake in shares of NVIDIA by 16.6% during the 4th quarter. PGGM Investments now owns 146,666 shares of the computer hardware maker’s stock valued at $72,632,000 after acquiring an additional 20,907 shares during the last quarter. Transcend Capital Advisors LLC increased its position in NVIDIA by 3.6% during the fourth quarter. Transcend Capital Advisors LLC now owns 13,850 shares of the computer hardware maker’s stock worth $6,859,000 after purchasing an additional 487 shares during the last quarter. Opinicus Capital Inc. purchased a new position in NVIDIA during the fourth quarter worth approximately $2,913,000. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in shares of NVIDIA by 1.1% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 7,741 shares of the computer hardware maker’s stock valued at $3,833,000 after purchasing an additional 83 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $581,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Up 3.8 %

NASDAQ:NVDA opened at $921.40 on Tuesday. The firm has a market capitalization of $2.30 trillion, a P/E ratio of 77.17, a P/E/G ratio of 1.27 and a beta of 1.75. The business has a 50 day simple moving average of $869.99 and a 200 day simple moving average of $655.88. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 12-month low of $280.46 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted 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. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Activity at NVIDIA

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 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 is available at this hyperlink. In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. Raymond James increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 11th. Truist Financial raised their price objective on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Loop Capital assumed coverage on NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. KeyCorp raised their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, Needham & Company LLC boosted their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. 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. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $941.55.

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.