Cornerstone Select Advisors LLC Purchases Shares of 41,454 NVIDIA Co. (NASDAQ:NVDA)

Cornerstone Select Advisors LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 41,454 shares of the computer hardware maker’s stock, valued at approximately $5,567,000. NVIDIA comprises about 5.4% of Cornerstone Select Advisors LLC’s portfolio, making the stock its 2nd largest position.

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

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were 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 owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. 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 in the last 90 days. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $131.29 on Monday. The business’s 50 day moving average price is $113.89 and its 200 day moving average price is $126.65. The company has a market cap of $3.21 trillion, a price-to-earnings ratio of 51.67, a PEG ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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 analyst estimates of $38.16 billion. On average, research analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. 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 payout ratio is 1.36%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NVDA shares. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. DA Davidson lowered their target price on NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Wedbush lowered NVIDIA from an “outperform” rating to a “cautious” rating in a report on Friday. TD Cowen decreased their price target on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Susquehanna reaffirmed a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.53.

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.