Financial Partners Group Inc Purchases 1,540 Shares of NVIDIA Co. (NASDAQ:NVDA)

Financial Partners Group Inc boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,070 shares of the computer hardware maker’s stock after buying an additional 1,540 shares during the period. NVIDIA makes up about 0.8% of Financial Partners Group Inc’s portfolio, making the stock its 29th biggest holding. Financial Partners Group Inc’s holdings in NVIDIA were worth $5,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Christopher J. Hasenberg Inc bought a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NVIDIA in the 2nd quarter valued at approximately $31,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $34,000. West Financial Advisors LLC bought a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $36,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at approximately $40,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 3.9 %

Shares of NASDAQ NVDA opened at $124.81 on Friday. The stock has a market cap of $3.05 trillion, a P/E ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The business’s fifty day simple moving average is $134.19 and its 200-day simple moving average is $132.03.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 over the last quarter. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NVDA. Bank of America raised their price target on NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday. Redburn Atlantic began coverage on NVIDIA in a research note on Tuesday, November 12th. They set a “buy” rating and a $178.00 price target for the company. UBS Group raised their price target on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research note on Monday, February 24th. Finally, Piper Sandler raised their price target on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Five research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.62.

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.