ABLE Financial Group LLC Buys 203 Shares of NVIDIA Co. (NASDAQ:NVDA)

ABLE Financial Group LLC lifted its stake in NVIDIA Co. (NASDAQ:NVDA) by 8.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,722 shares of the computer hardware maker’s stock after buying an additional 203 shares during the quarter. ABLE Financial Group LLC’s holdings in NVIDIA were worth $1,348,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Arvest Trust Co. N A raised its stake in shares of NVIDIA by 29.3% in the fourth quarter. Arvest Trust Co. N A now owns 3,618 shares of the computer hardware maker’s stock worth $1,792,000 after buying an additional 820 shares during the period. Financial Security Advisor Inc. grew its position in shares of NVIDIA by 3.1% during the fourth quarter. Financial Security Advisor Inc. now owns 3,231 shares of the computer hardware maker’s stock worth $1,600,000 after purchasing an additional 98 shares in the last quarter. Traveka Wealth LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $1,643,000. Moody Lynn & Lieberson LLC grew its position in shares of NVIDIA by 1.8% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 90,634 shares of the computer hardware maker’s stock worth $44,884,000 after purchasing an additional 1,581 shares in the last quarter. Finally, GFS Advisors LLC grew its position in shares of NVIDIA by 7.5% during the fourth quarter. GFS Advisors LLC now owns 10,633 shares of the computer hardware maker’s stock worth $5,266,000 after purchasing an additional 746 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NVDA. Wedbush reiterated an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a research report on Tuesday, March 19th. Argus increased their target price on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft increased their target price on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. Benchmark reiterated a “buy” rating and set a $1,000.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, Wolfe Research raised their price target on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $926.30.

NVIDIA Stock Down 2.7 %

Shares of NVDA stock opened at $881.86 on Friday. NVIDIA Co. has a 1-year low of $262.20 and a 1-year high of $974.00. The stock’s fifty day moving average price is $830.93 and its 200 day moving average price is $608.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company has a market cap of $2.20 trillion, a price-to-earnings ratio of 73.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. On average, research analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is presently 1.34%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by insiders.

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.