James J. Burns & Company LLC Increases Holdings in NVIDIA Co. (NASDAQ:NVDA)

James J. Burns & Company LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,388 shares of the computer hardware maker’s stock after buying an additional 1,390 shares during the period. James J. Burns & Company LLC’s holdings in NVIDIA were worth $1,931,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Ironwood Wealth Management LLC. grew its position in NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after acquiring an additional 5,695 shares during the period. Cavalry Management Group LLC raised its position in NVIDIA by 785.2% in the second quarter. Cavalry Management Group LLC now owns 4,532 shares of the computer hardware maker’s stock valued at $560,000 after purchasing an additional 4,020 shares during the period. Anchor Investment Management LLC lifted its stake in shares of NVIDIA by 1,087.9% in the 2nd quarter. Anchor Investment Management LLC now owns 72,927 shares of the computer hardware maker’s stock valued at $9,009,000 after purchasing an additional 66,788 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of NVIDIA by 1,212.7% during the 2nd quarter. Centaurus Financial Inc. now owns 234,261 shares of the computer hardware maker’s stock worth $28,941,000 after purchasing an additional 216,415 shares during the period. Finally, Greater Midwest Financial Group LLC increased its position in shares of NVIDIA by 995.6% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 3,725 shares of the computer hardware maker’s stock worth $440,000 after purchasing an additional 3,385 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on 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. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,107,632 shares of company stock valued at $146,405,286 in the last ninety days. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $114.06 on Tuesday. The company’s 50 day simple moving average is $133.68 and its 200-day simple moving average is $132.06. The firm has a market cap of $2.78 trillion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. 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 (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. TD Cowen upped their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Bank of America increased their price objective on shares of NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Piper Sandler boosted their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Five research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.62.

About NVIDIA

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.