Seamount Financial Group Inc. Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Seamount Financial Group Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,463 shares of the computer hardware maker’s stock after purchasing an additional 112 shares during the period. Seamount Financial Group Inc.’s holdings in NVIDIA were worth $734,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Northstar Group Inc. grew its position in NVIDIA by 28.0% during the 4th quarter. Northstar Group Inc. now owns 10,170 shares of the computer hardware maker’s stock worth $1,366,000 after purchasing an additional 2,225 shares during the last quarter. Shepherd Financial Partners LLC boosted its holdings 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 acquiring an additional 8,161 shares during the last quarter. Arcataur Capital Management LLC boosted its holdings 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 acquiring an additional 100 shares during the last quarter. Appleton Partners Inc. MA boosted its holdings 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 acquiring an additional 4,365 shares during the last quarter. Finally, Platform Technology Partners boosted its holdings in shares of NVIDIA by 0.3% in the 4th 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. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 1.9 %

Shares of NVDA opened at $112.69 on Monday. 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 firm has a 50-day moving average price of $131.66 and a 200 day moving average price of $131.68. The firm has a market capitalization of $2.75 trillion, a P/E ratio of 44.35, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Loop Capital reaffirmed a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Wednesday, November 20th. Robert W. Baird upped their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Finally, TD Cowen upped their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.69.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the 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 directly 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 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 over the last 90 days. 4.23% of the stock is owned by company insiders.

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.