122 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 122 shares of the computer hardware maker’s stock, valued at approximately $60,000.

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

NVIDIA Trading Down 1.8 %

Shares of NVIDIA stock opened at $887.47 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.22 trillion, a price-to-earnings ratio of 74.33, a PEG 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 business has a 50-day moving average price of $874.91 and a 200-day moving average price of $661.05.

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

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. Sanford C. Bernstein raised their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Oppenheimer upped their price target on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Jefferies Financial Group lifted their price objective on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Raymond James upped their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $1,100.00 price target on shares of NVIDIA in a research note on Tuesday, February 20th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $944.05.

Insiders Place Their Bets

In related news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated 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 approximately $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated 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. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last three months. Corporate insiders own 3.99% of the company’s stock.

NVIDIA 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.