JSF Financial LLC Has $8.42 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

JSF Financial LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 222.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,701 shares of the computer hardware maker’s stock after purchasing an additional 43,283 shares during the quarter. NVIDIA makes up about 2.3% of JSF Financial LLC’s portfolio, making the stock its 10th biggest position. JSF Financial LLC’s holdings in NVIDIA were worth $8,420,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the 4th quarter worth $34,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA in the fourth quarter worth about $40,000. DHJJ Financial Advisors Ltd. grew its holdings in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after acquiring an additional 140 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 4th quarter valued at about $46,000. Finally, 1620 Investment Advisors Inc. increased its holdings in NVIDIA by 145.9% during the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after buying an additional 248 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,039,125 shares of company stock valued at $137,062,338. 4.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NVDA shares. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. DA Davidson reaffirmed a “neutral” rating and issued a $135.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Evercore ISI lifted their price target on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Barclays increased their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $171.69.

NVIDIA Price Performance

NVIDIA stock opened at $115.58 on Friday. The company has a 50-day moving average price of $129.71 and a 200 day moving average price of $131.20. 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. The stock has a market cap of $2.82 trillion, a P/E ratio of 45.49, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

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.