Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,348,744 shares of the computer hardware maker’s stock after acquiring an additional 63,733 shares during the period. NVIDIA comprises 1.6% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 22nd biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in NVIDIA were worth $181,123,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NVDA. Christopher J. Hasenberg Inc purchased a new stake in NVIDIA during the third quarter worth $27,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the fourth quarter worth $34,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the fourth quarter worth $40,000. DHJJ Financial Advisors Ltd. boosted its holdings in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the fourth quarter worth $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now 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. Over the last quarter, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Up 1.7 %

Shares of NVDA stock opened at $108.76 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.65 trillion, a PE ratio of 42.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company has a 50-day moving average of $130.54 and a two-hundred day moving average of $131.42. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its earnings results 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. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup increased their price target on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of NVIDIA 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 research report on Thursday, November 21st. Finally, Bank of America upped 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. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $171.69.

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.