5,069 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by Entrewealth LLC

Entrewealth LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,069 shares of the computer hardware maker’s stock, valued at approximately $681,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 4th quarter worth about $34,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Rosenblatt Securities lowered their price target on NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. UBS Group reduced their price objective on NVIDIA from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Finally, Susquehanna reissued a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price of $165.01.

Insider Activity

In other news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction 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 approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 2.0 %

Shares of NVIDIA stock opened at $98.89 on Wednesday. NVIDIA Co. has a twelve month low of $78.22 and a twelve month high of $195.95. The stock has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 38.92, a PEG ratio of 1.76 and a beta of 1.96. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $115.15 and its 200-day simple moving average is $129.50.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for 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%. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.04%. NVIDIA’s payout ratio is currently 1.36%.

About NVIDIA

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.