NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Allegheny Financial Group

Allegheny Financial Group increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,390 shares of the computer hardware maker’s stock after acquiring an additional 729 shares during the period. Allegheny Financial Group’s holdings in NVIDIA were worth $1,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the fourth quarter worth approximately $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 insiders.

NVIDIA Price Performance

NVDA stock opened at $132.83 on Friday. The business has a fifty day moving average of $113.57 and a two-hundred day moving average of $126.99. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.25 trillion, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95.

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, topping the consensus estimate of $0.84 by $0.05. The company 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%. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid 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 yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NVDA shares. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Bank of America raised their target price on NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities decreased their target price on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, UBS Group decreased their target price on NVIDIA from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average price target of $164.84.

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.