Northstar Group Inc. Purchases 2,225 Shares of NVIDIA Co. (NASDAQ:NVDA)

Northstar Group Inc. boosted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,170 shares of the computer hardware maker’s stock after purchasing an additional 2,225 shares during the period. Northstar Group Inc.’s holdings in NVIDIA were worth $1,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Shepherd Financial Partners LLC raised its stake in shares of NVIDIA by 10.7% in the 4th quarter. Shepherd Financial Partners LLC now owns 84,760 shares of the computer hardware maker’s stock valued at $11,382,000 after purchasing an additional 8,161 shares during the period. Arcataur Capital Management LLC raised its stake in shares of NVIDIA by 1.0% in the 4th quarter. Arcataur Capital Management LLC now owns 10,480 shares of the computer hardware maker’s stock valued at $1,407,000 after purchasing an additional 100 shares during the period. Appleton Partners Inc. MA raised its stake in shares of NVIDIA by 5.3% in the 4th quarter. Appleton Partners Inc. MA now owns 86,794 shares of the computer hardware maker’s stock valued at $11,656,000 after purchasing an additional 4,365 shares during the period. Platform Technology Partners increased its position in shares of NVIDIA by 0.3% in the fourth quarter. Platform Technology Partners now owns 73,270 shares of the computer hardware maker’s stock valued at $9,840,000 after acquiring an additional 213 shares during the last quarter. Finally, Spectrum Investment Advisors Inc. increased its position in shares of NVIDIA by 15.8% in the fourth quarter. Spectrum Investment Advisors Inc. now owns 4,072 shares of the computer hardware maker’s stock valued at $547,000 after acquiring an additional 557 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $112.69 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The stock has a market cap of $2.75 trillion, a price-to-earnings ratio of 44.35, a P/E/G ratio of 1.76 and a beta of 1.77. The company’s fifty day moving average is $131.66 and its 200 day moving average is $131.66.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 analysts’ expectations of $38.16 billion. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock valued at $146,405,286 over the last 90 days. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Loop Capital reaffirmed a “buy” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Wednesday, November 20th. Melius Research lifted their target price on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Mizuho lifted their target price on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of NVIDIA in a report on Thursday, February 27th. Finally, Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $171.69.

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.