Retirement Planning Group LLC Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Retirement Planning Group LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 213.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,164 shares of the computer hardware maker’s stock after purchasing an additional 30,750 shares during the period. Retirement Planning Group LLC’s holdings in NVIDIA were worth $4,895,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in NVIDIA in the fourth quarter worth approximately $28,000. Vision Financial Markets LLC purchased a new position in NVIDIA during the fourth quarter valued at $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the fourth quarter valued at $40,000. Copia Wealth Management purchased a new position in NVIDIA during the fourth quarter valued at $50,000. Finally, LSV Asset Management purchased a new position in shares of NVIDIA in the 4th quarter worth $54,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated 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 sale, the insider now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Up 1.9%

Shares of NVIDIA stock opened at $144.69 on Tuesday. NVIDIA Co. has a one year low of $86.62 and a one year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock’s 50-day moving average is $123.74 and its 200 day moving average is $126.36. The firm has a market cap of $3.53 trillion, a price-to-earnings ratio of 56.94, a PEG ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA) last posted 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 during 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 for the quarter was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. Equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA’s dividend payout ratio is currently 1.29%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVDA. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Arete Research upgraded shares of NVIDIA to a “strong-buy” rating in a report on Wednesday, May 21st. Barclays restated an “overweight” rating and issued a $170.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $172.24.

NVIDIA 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.