Personal CFO Solutions LLC Raises Stake in NVIDIA Co. (NASDAQ:NVDA)

Personal CFO Solutions LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,540 shares of the computer hardware maker’s stock after purchasing an additional 714 shares during the period. NVIDIA makes up 1.4% of Personal CFO Solutions LLC’s portfolio, making the stock its 9th biggest holding. Personal CFO Solutions LLC’s holdings in NVIDIA were worth $7,324,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NVDA. Jordan Park Trust Co LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at $521,000. Atlantic Union Bankshares Corp raised its position in shares of NVIDIA by 0.3% during the fourth quarter. Atlantic Union Bankshares Corp now owns 362,637 shares of the computer hardware maker’s stock worth $48,698,000 after purchasing an additional 1,020 shares during the period. Amundi lifted its holdings in shares of NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker’s stock valued at $16,394,224,000 after purchasing an additional 13,406,054 shares during the last quarter. Permanent Capital Management LP acquired a new position in shares of NVIDIA in the 4th quarter valued at $1,968,000. Finally, Dorsey & Whitney Trust CO LLC increased its stake in NVIDIA by 1.6% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 508,549 shares of the computer hardware maker’s stock worth $68,293,000 after purchasing an additional 8,192 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NVDA shares. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Finally, Truist Financial upped their price target on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.39.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last quarter. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Up 3.1 %

NASDAQ NVDA opened at $110.93 on Friday. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market cap of $2.71 trillion, a PE ratio of 43.66, a PEG ratio of 1.76 and a beta of 1.96. The firm has a 50-day simple moving average of $118.95 and a 200 day simple moving average of $130.36.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, 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. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

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.