NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Del Sette Capital Management LLC

Del Sette Capital Management LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,410 shares of the computer hardware maker’s stock after purchasing an additional 54 shares during the period. NVIDIA makes up 2.8% of Del Sette Capital Management LLC’s portfolio, making the stock its 13th largest position. Del Sette Capital Management LLC’s holdings in NVIDIA were worth $3,174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. O Connor Financial Group LLC increased its position in NVIDIA by 4.3% during the 3rd quarter. O Connor Financial Group LLC now owns 655 shares of the computer hardware maker’s stock worth $285,000 after purchasing an additional 27 shares during the period. Meridian Financial Partners LLC increased its position in NVIDIA by 4.8% during the 3rd quarter. Meridian Financial Partners LLC now owns 1,683 shares of the computer hardware maker’s stock worth $709,000 after purchasing an additional 77 shares during the period. Lake Street Financial LLC grew its holdings in shares of NVIDIA by 0.3% in the 3rd quarter. Lake Street Financial LLC now owns 35,678 shares of the computer hardware maker’s stock worth $15,373,000 after acquiring an additional 100 shares during the period. HGK Asset Management Inc. acquired a new stake in shares of NVIDIA in the 3rd quarter worth approximately $235,000. Finally, Bremer Bank National Association grew its holdings in shares of NVIDIA by 10.8% in the 3rd quarter. Bremer Bank National Association now owns 33,155 shares of the computer hardware maker’s stock worth $14,422,000 after acquiring an additional 3,234 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 3.8 %

Shares of NASDAQ 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 firm 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. 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 stock’s 50-day simple moving average is $869.99 and its 200-day simple moving average is $655.88.

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

NVIDIA Announces Dividend

The company 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 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

Analyst Ratings Changes

NVDA has been the topic of a number of research reports. Needham & Company LLC upped their price target on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Raymond James upped their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 11th. DA Davidson upped their price target on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Loop Capital started coverage on NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target on the stock. Finally, The Goldman Sachs Group upped their target price on NVIDIA from $875.00 to $1,000.00 and gave the company 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $941.55.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. 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 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.