Greatmark Investment Partners Inc. Has $715,000 Holdings in NVIDIA Co. (NASDAQ:NVDA)

Greatmark Investment Partners Inc. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 97.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,325 shares of the computer hardware maker’s stock after purchasing an additional 2,625 shares during the quarter. Greatmark Investment Partners Inc.’s holdings in NVIDIA were worth $715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the fourth quarter valued at about $46,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 3.0 %

NVDA stock opened at $101.33 on Friday. The firm has a market capitalization of $2.47 trillion, a PE ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. 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 Co. has a twelve month low of $76.40 and a twelve month high of $195.95. The stock’s 50 day moving average is $116.56 and its 200-day moving average is $129.86.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 for the quarter, compared to analysts’ expectations of $38.16 billion. Sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NVDA. UBS Group lowered their price objective on shares of NVIDIA from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday. DA Davidson lowered their price target on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Raymond James reissued a “strong-buy” rating on shares of NVIDIA in a report on Wednesday. Morgan Stanley set a $162.00 target price on NVIDIA and gave the stock an “overweight” rating in a report on Wednesday, March 19th. Finally, Bank of America cut their price target on NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.51.

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.