Essential Planning LLC. Acquires 83,603 Shares of NVIDIA Co. (NASDAQ:NVDA)

Essential Planning LLC. boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1,271.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,177 shares of the computer hardware maker’s stock after purchasing an additional 83,603 shares during the quarter. Essential Planning LLC.’s holdings in NVIDIA were worth $12,300,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Forge First Asset Management Inc. increased its stake in NVIDIA by 219.9% during the fourth quarter. Forge First Asset Management Inc. now owns 7,710 shares of the computer hardware maker’s stock worth $1,035,000 after acquiring an additional 5,300 shares during the last quarter. Liberty Wealth Management LLC increased its position in shares of NVIDIA by 5.2% during the 4th quarter. Liberty Wealth Management LLC now owns 98,532 shares of the computer hardware maker’s stock valued at $13,232,000 after purchasing an additional 4,862 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in NVIDIA by 4.7% during the 4th quarter. Great Lakes Advisors LLC now owns 1,262,357 shares of the computer hardware maker’s stock valued at $169,522,000 after buying an additional 57,024 shares during the period. Westchester Capital Management Inc. lifted its position in NVIDIA by 247.3% in the fourth quarter. Westchester Capital Management Inc. now owns 11,235 shares of the computer hardware maker’s stock worth $1,509,000 after buying an additional 8,000 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in NVIDIA by 1.1% during the fourth quarter. Truvestments Capital LLC now owns 174,511 shares of the computer hardware maker’s stock worth $23,435,000 after buying an additional 1,924 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several analyst reports. Bank of America cut their price target on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays upped their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Citigroup lowered their target price on shares of NVIDIA from $163.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.64.

NVIDIA Trading Down 6.9 %

Shares of NVDA opened at $104.49 on Thursday. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. The firm has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 41.12, a P/E/G ratio of 1.76 and a beta of 1.96. The stock’s 50-day moving average price is $117.83 and its 200 day moving average price is $130.03. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 55.69% and a return on equity of 114.83%. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last three months. Insiders own 4.23% 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.