Brighton Jones LLC Purchases 1,451 Shares of NVIDIA Co. (NASDAQ:NVDA)

Brighton Jones LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,196 shares of the computer hardware maker’s stock after purchasing an additional 1,451 shares during the quarter. NVIDIA makes up 0.7% of Brighton Jones LLC’s portfolio, making the stock its 23rd largest holding. Brighton Jones LLC’s holdings in NVIDIA were worth $16,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors grew its stake in shares of NVIDIA by 21.4% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 7,936 shares of the computer hardware maker’s stock valued at $3,930,000 after purchasing an additional 1,400 shares during the period. Stonebridge Financial Planning Group LLC lifted its holdings in NVIDIA by 116.3% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 2,118 shares of the computer hardware maker’s stock worth $1,049,000 after buying an additional 1,139 shares in the last quarter. Pekin Hardy Strauss Inc. increased its stake in shares of NVIDIA by 7.2% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 1,188 shares of the computer hardware maker’s stock valued at $588,000 after buying an additional 80 shares during the period. Auxano Advisors LLC raised its position in shares of NVIDIA by 4.5% during the fourth quarter. Auxano Advisors LLC now owns 2,446 shares of the computer hardware maker’s stock worth $1,211,000 after acquiring an additional 106 shares during the last quarter. Finally, Epic Trust Investment Advisors LLC lifted its stake in shares of NVIDIA by 2.0% during the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,566 shares of the computer hardware maker’s stock valued at $776,000 after acquiring an additional 30 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 0.2 %

NVIDIA stock opened at $904.12 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a 50-day moving average of $872.36 and a 200-day moving average of $659.34. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.72, a P/E/G ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a one year low of $280.46 and a one year high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued 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. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, equities analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Mizuho lifted their price objective on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Susquehanna reissued a “positive” rating and set a $1,050.00 price target on shares of NVIDIA in a research note on Thursday, April 4th. The Goldman Sachs Group raised their price objective on shares of NVIDIA from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial upped their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Bank of America raised their price target on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $944.05.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA 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 transaction, the director now directly 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. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by corporate insiders.

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.