Kraft Davis & Associates LLC Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

Kraft Davis & Associates LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,048 shares of the computer hardware maker’s stock after buying an additional 18 shares during the quarter. Kraft Davis & Associates LLC’s holdings in NVIDIA were worth $1,509,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA in the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA during the third quarter worth $30,000. Trivant Custom Portfolio Group LLC raised its position in shares of NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. O Brien Wealth Partners LLC lifted its stake in shares of NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares in the last quarter. Finally, Beacon Capital Management Inc. acquired a new position in NVIDIA during the fourth quarter worth about $50,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the transaction, the director now owns 1,107,583 shares in the company, valued at $945,366,393.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on NVDA. Piper Sandler Companies raised their target price on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. lifted their price objective on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. The Goldman Sachs Group upped their target price on NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. HSBC lifted their price target on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, Sanford C. Bernstein upped their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Price Performance

NVIDIA stock opened at $877.35 on Monday. The company’s 50 day moving average is $854.40 and its two-hundred day moving average is $637.76. The firm has a market cap of $2.19 trillion, a PE ratio of 73.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 52-week low of $266.25 and a 52-week high of $974.00.

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, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. On average, research analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

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.