NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,759 shares of the computer hardware maker’s stock after purchasing an additional 4,050 shares during the quarter. NVIDIA comprises 1.7% of Commonwealth Financial Services LLC’s portfolio, making the stock its 19th largest holding. Commonwealth Financial Services LLC’s holdings in NVIDIA were worth $8,428,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Sloy Dahl & Holst LLC lifted its holdings in shares of NVIDIA by 4.2% in the fourth quarter. Sloy Dahl & Holst LLC now owns 223,039 shares of the computer hardware maker’s stock valued at $29,952,000 after buying an additional 8,895 shares during the period. Tempus Wealth Planning LLC raised its position in NVIDIA by 7.6% in the fourth quarter. Tempus Wealth Planning LLC now owns 81,611 shares of the computer hardware maker’s stock worth $10,960,000 after acquiring an additional 5,780 shares in the last quarter. WJ Wealth Management LLC lifted its holdings in NVIDIA by 0.4% in the 4th quarter. WJ Wealth Management LLC now owns 122,656 shares of the computer hardware maker’s stock valued at $16,472,000 after acquiring an additional 492 shares during the last quarter. Flavin Financial Services Inc. bought a new position in shares of NVIDIA during the 4th quarter valued at about $1,574,000. Finally, Mokosak Advisory Group LLC bought a new position in shares of NVIDIA during the 4th quarter valued at about $247,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % 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 worth $146,405,286 over the last three months. 4.23% of the stock is currently owned by insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $114.06 on Tuesday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a fifty day simple moving average of $133.68 and a 200 day simple moving average of $132.06. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.78 trillion, a P/E ratio of 44.89, a P/E/G ratio of 1.76 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TD Cowen increased their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Thursday, February 27th. Melius Research raised their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Susquehanna lifted their target price on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Mizuho upped their target price on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.62.

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.