Stonebridge Financial Planning Group LLC Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Stonebridge Financial Planning Group LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 116.3% in the fourth quarter, Holdings Channel reports. The firm owned 2,118 shares of the computer hardware maker’s stock after acquiring an additional 1,139 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in NVIDIA were worth $1,049,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. Lodestar Private Asset Management LLC boosted its holdings in NVIDIA by 1.0% during the fourth quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock worth $818,000 after purchasing an additional 17 shares during the last quarter. Campbell Newman Asset Management Inc. boosted its holdings in NVIDIA by 0.6% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock worth $1,481,000 after purchasing an additional 18 shares during the last quarter. Kraft Davis & Associates LLC boosted its holdings in NVIDIA by 0.6% during the fourth quarter. Kraft Davis & Associates LLC now owns 3,048 shares of the computer hardware maker’s stock worth $1,509,000 after purchasing an additional 18 shares during the last quarter. IAG Wealth Partners LLC boosted its holdings in NVIDIA by 4.4% during the fourth quarter. IAG Wealth Partners LLC now owns 430 shares of the computer hardware maker’s stock worth $213,000 after purchasing an additional 18 shares during the last quarter. Finally, Aprio Wealth Management LLC lifted its stake in NVIDIA by 1.8% in the fourth quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after acquiring an additional 19 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.2 %

NASDAQ:NVDA opened at $904.12 on Thursday. The firm’s 50 day simple moving average is $872.36 and its 200 day simple moving average is $659.34. 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 one year low of $280.46 and a one year high of $974.00. The company has a market cap of $2.26 trillion, a PE ratio of 75.72, a P/E/G ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping 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 business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the company earned $0.65 EPS. The firm’s revenue was up 265.3% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’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 transaction, the director now 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. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last ninety days. Company insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Piper Sandler increased their price target on shares of NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Raymond James increased their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 11th. The Goldman Sachs Group increased 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 report on Tuesday. KeyCorp increased their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, HSBC raised their price target on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Four 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. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $944.05.

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.