Arlington Financial Advisors LLC Buys 3,684 Shares of NVIDIA Co. (NASDAQ:NVDA)

Arlington Financial Advisors LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 185.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,666 shares of the computer hardware maker’s stock after buying an additional 3,684 shares during the period. Arlington Financial Advisors LLC’s holdings in NVIDIA were worth $614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter worth approximately $40,000. Copia Wealth Management bought a new position in NVIDIA in the fourth quarter worth approximately $50,000. Finally, LSV Asset Management bought a new position in NVIDIA in the fourth quarter worth approximately $54,000. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of analyst reports. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Bank of America upped their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Finally, Citigroup restated a “buy” rating and issued a $180.00 target price (up previously from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-five have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.24.

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,560,845 shares of company stock valued at $360,351,849. Company insiders own 4.17% of the company’s stock.

NVIDIA Stock Up 1.5%

NVIDIA stock opened at $145.00 on Friday. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $153.13. The firm has a 50 day moving average price of $121.86 and a 200-day moving average price of $126.41. The company has a market capitalization of $3.54 trillion, a P/E ratio of 57.06, a P/E/G ratio of 1.76 and a beta of 2.12. 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 (NASDAQ:NVDA) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

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.