Guyasuta Investment Advisors Inc. Boosts Holdings in NVIDIA Co. (NASDAQ:NVDA)

Guyasuta Investment Advisors Inc. lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,533 shares of the computer hardware maker’s stock after acquiring an additional 63 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in NVIDIA were worth $1,750,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA in the fourth quarter valued at $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $28,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC lifted its holdings in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC boosted its position in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after purchasing an additional 53 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NVDA shares. Oppenheimer upped their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Citigroup increased their target price on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 target price on shares of NVIDIA in a research report on Thursday, April 4th. Rosenblatt Securities reissued a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a research report on Tuesday, February 20th. Finally, Evercore ISI started coverage on shares of NVIDIA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective for the company. Four equities 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 a consensus rating of “Moderate Buy” and a consensus price target of $944.05.

Insider Activity at NVIDIA

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 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 owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA 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 value of $7,975,700.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 in the last quarter. Company insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $905.54 on Wednesday. The stock has a market cap of $2.26 trillion, a P/E ratio of 75.84, a P/E/G 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. The stock has a 50 day moving average of $872.36 and a two-hundred day moving average of $659.34. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 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 firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. On average, research analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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