Centerpoint Advisory Group Buys Shares of 38,455 NVIDIA Co. (NASDAQ:NVDA)

Centerpoint Advisory Group purchased a new position in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 38,455 shares of the computer hardware maker’s stock, valued at approximately $5,164,000. NVIDIA makes up approximately 5.0% of Centerpoint Advisory Group’s portfolio, making the stock its 4th largest holding.

Several other large investors have also recently made changes to their positions in NVDA. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the fourth quarter worth about $34,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. lifted its position in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after acquiring an additional 140 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. lifted its position in NVIDIA by 145.9% during the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after buying an additional 248 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 1.8 %

Shares of NASDAQ NVDA opened at $117.52 on Thursday. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The company has a market cap of $2.87 trillion, a P/E ratio of 46.25, a P/E/G ratio of 1.76 and a beta of 1.77. 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 fifty day moving average price of $127.71 and a 200 day moving average price of $131.12.

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, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction that occurred on 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 directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,449 shares of company stock valued at $11,960,727 over the last quarter. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Citigroup boosted their target price on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Robert W. Baird boosted their price target on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Benchmark restated a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a report on Wednesday. Four investment 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.76.

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.