Private Portfolio Partners LLC Grows Holdings in NVIDIA Co. (NASDAQ:NVDA)

Private Portfolio Partners LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,208 shares of the computer hardware maker’s stock after buying an additional 525 shares during the period. NVIDIA makes up about 1.3% of Private Portfolio Partners LLC’s holdings, making the stock its 16th biggest holding. Private Portfolio Partners LLC’s holdings in NVIDIA were worth $7,011,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kesler Norman & Wride LLC lifted its stake in shares of NVIDIA by 7.0% in the fourth quarter. Kesler Norman & Wride LLC now owns 64,089 shares of the computer hardware maker’s stock worth $8,607,000 after acquiring an additional 4,207 shares in the last quarter. RFG Bristol Wealth Advisors LLC purchased a new stake in NVIDIA during the 4th quarter worth approximately $1,896,000. Meeder Advisory Services Inc. raised its position in shares of NVIDIA by 4.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 500,918 shares of the computer hardware maker’s stock valued at $67,268,000 after purchasing an additional 20,964 shares in the last quarter. Allie Family Office LLC boosted its stake in shares of NVIDIA by 12.1% during the 4th quarter. Allie Family Office LLC now owns 14,571 shares of the computer hardware maker’s stock valued at $1,925,000 after buying an additional 1,571 shares during the last quarter. Finally, Scholtz & Company LLC grew its position in shares of NVIDIA by 0.7% during the fourth quarter. Scholtz & Company LLC now owns 81,465 shares of the computer hardware maker’s stock worth $10,940,000 after buying an additional 592 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research note on Wednesday, April 30th. Bank of America cut their price objective on NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Morgan Stanley decreased their target price on NVIDIA from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.96.

Insider Activity

In other news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares in the company, valued at approximately $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 accessible through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

NVDA stock opened at $114.50 on Monday. The company has a 50-day simple moving average of $110.85 and a 200 day simple moving average of $128.08. The company has a market capitalization of $2.79 trillion, a P/E ratio of 45.06, a PEG ratio of 1.76 and a beta of 2.11. 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 fifty-two week low of $86.62 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared 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. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 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.