Jmac Enterprises LLC Boosts Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Jmac Enterprises LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,417 shares of the computer hardware maker’s stock after buying an additional 210 shares during the quarter. Jmac Enterprises LLC’s holdings in NVIDIA were worth $3,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Executive Wealth Management LLC lifted its position in NVIDIA by 4.2% in the 4th quarter. Executive Wealth Management LLC now owns 25,775 shares of the computer hardware maker’s stock valued at $12,765,000 after acquiring an additional 1,041 shares in the last quarter. Capasso Planning Partners LLC lifted its position in NVIDIA by 9.4% in the 4th quarter. Capasso Planning Partners LLC now owns 560 shares of the computer hardware maker’s stock valued at $277,000 after acquiring an additional 48 shares in the last quarter. Soltis Investment Advisors LLC lifted its position in NVIDIA by 9.3% in the 4th quarter. Soltis Investment Advisors LLC now owns 17,942 shares of the computer hardware maker’s stock valued at $8,885,000 after acquiring an additional 1,522 shares in the last quarter. Vivid Wealth Management LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $601,000. Finally, Keener Financial Planning LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 3.9 %

NVDA opened at $840.35 on Thursday. The firm has a market cap of $2.10 trillion, a P/E ratio of 70.38, a P/E/G ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average of $840.89 and a 200 day moving average of $618.47.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, research analysts forecast that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 over the last 90 days. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NVDA. Piper Sandler Companies upped their price objective on NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Craig Hallum upped their price objective on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Needham & Company LLC increased their price target on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Benchmark reissued a “buy” rating and set a $1,000.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Finally, Morgan Stanley increased their price target on NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $940.30.

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.