NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 21.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,708 shares of the computer hardware maker’s stock after purchasing an additional 303 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in NVIDIA were worth $846,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Intellectus Partners LLC lifted its holdings in shares of NVIDIA by 26.2% during the 4th quarter. Intellectus Partners LLC now owns 8,471 shares of the computer hardware maker’s stock worth $4,195,000 after acquiring an additional 1,759 shares during the period. RiverFront Investment Group LLC purchased a new position in shares of NVIDIA during the 4th quarter worth about $202,000. Conservest Capital Advisors Inc. purchased a new position in shares of NVIDIA during the 4th quarter worth about $208,000. Paradigm Financial Partners LLC lifted its holdings in shares of NVIDIA by 29.4% during the 4th quarter. Paradigm Financial Partners LLC now owns 13,062 shares of the computer hardware maker’s stock worth $6,469,000 after acquiring an additional 2,966 shares during the period. Finally, Sargent Investment Group LLC lifted its holdings in shares of NVIDIA by 99.5% during the 4th quarter. Sargent Investment Group LLC now owns 2,212 shares of the computer hardware maker’s stock worth $1,095,000 after acquiring an additional 1,103 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on NVDA. Piper Sandler Companies raised their price target on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Rosenblatt Securities restated a “buy” rating and issued a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. Morgan Stanley raised their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. TD Cowen raised their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Finally, Oppenheimer raised their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Four 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $941.55.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $921.40 on Tuesday. NVIDIA Co. has a 1 year low of $280.46 and a 1 year high of $974.00. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 77.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The firm has a fifty day moving average of $869.99 and a 200-day moving average of $655.88.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared 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 dividend payout ratio (DPR) is 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.