Ethos Financial Group LLC Increases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Ethos Financial Group LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 24.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,092 shares of the computer hardware maker’s stock after purchasing an additional 6,241 shares during the quarter. Ethos Financial Group LLC’s holdings in NVIDIA were worth $4,312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NVDA. Carmel Capital Partners LLC raised its holdings in NVIDIA by 4.8% in the 4th quarter. Carmel Capital Partners LLC now owns 9,832 shares of the computer hardware maker’s stock worth $1,320,000 after purchasing an additional 450 shares during the period. Washington Trust Advisors Inc. raised its stake in shares of NVIDIA by 0.3% in the fourth quarter. Washington Trust Advisors Inc. now owns 187,763 shares of the computer hardware maker’s stock worth $25,215,000 after buying an additional 560 shares during the period. McDonough Capital Management Inc lifted its position in shares of NVIDIA by 15.6% during the 4th quarter. McDonough Capital Management Inc now owns 86,736 shares of the computer hardware maker’s stock valued at $11,648,000 after buying an additional 11,721 shares in the last quarter. Black Swift Group LLC grew its stake in shares of NVIDIA by 105.4% during the 4th quarter. Black Swift Group LLC now owns 6,449 shares of the computer hardware maker’s stock valued at $866,000 after acquiring an additional 3,309 shares during the period. Finally, Straight Path Wealth Management grew its stake in shares of NVIDIA by 36.8% during the 4th quarter. Straight Path Wealth Management now owns 2,447 shares of the computer hardware maker’s stock valued at $329,000 after acquiring an additional 658 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Mizuho lowered their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Barclays upped their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $169.01.

NVIDIA Price Performance

NVIDIA stock opened at $107.57 on Friday. The firm has a market capitalization of $2.62 trillion, a PE ratio of 42.33, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. The firm has a 50-day moving average price of $119.10 and a 200-day moving average price of $130.45. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s payout ratio is 1.36%.

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.