NVIDIA Co. (NASDAQ:NVDA) Position Lifted by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,359 shares of the computer hardware maker’s stock after buying an additional 8,878 shares during the period. NVIDIA comprises 6.3% of Strengthening Families & Communities LLC’s holdings, making the stock its 2nd biggest holding. Strengthening Families & Communities LLC’s holdings in NVIDIA were worth $11,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Compound Global Advisors LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth $1,477,000. Stonebridge Financial Group LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at $1,615,000. Clarus Group Inc. raised its holdings in shares of NVIDIA by 17.8% in the fourth quarter. Clarus Group Inc. now owns 42,141 shares of the computer hardware maker’s stock valued at $5,659,000 after acquiring an additional 6,375 shares in the last quarter. Essex Financial Services Inc. raised its holdings in shares of NVIDIA by 3.3% in the fourth quarter. Essex Financial Services Inc. now owns 197,759 shares of the computer hardware maker’s stock valued at $26,557,000 after acquiring an additional 6,324 shares in the last quarter. Finally, BostonPremier Wealth LLC purchased a new stake in NVIDIA in the fourth quarter worth about $2,018,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NASDAQ:NVDA opened at $115.58 on Friday. The firm’s fifty day moving average is $129.71 and its two-hundred day moving average is $131.20. The firm has a market cap of $2.82 trillion, a price-to-earnings ratio of 45.49, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Research analysts expect 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. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Insider Activity

In related 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 transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,039,125 shares of company stock valued at $137,062,338 in the last three months. 4.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on NVDA. Rosenblatt Securities reissued a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research report on Monday, February 24th. DA Davidson reissued a “neutral” rating and set a $135.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. Evercore ISI upped their target price on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Susquehanna increased their target price on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, TD Cowen boosted their price target on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $171.69.

NVIDIA Company 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.