Transcend Capital Advisors LLC Has $19.49 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Transcend Capital Advisors LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,163 shares of the computer hardware maker’s stock after selling 5,134 shares during the quarter. NVIDIA accounts for approximately 1.4% of Transcend Capital Advisors LLC’s holdings, making the stock its 9th largest holding. Transcend Capital Advisors LLC’s holdings in NVIDIA were worth $19,494,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. AMF Tjanstepension AB lifted its stake in NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock valued at $976,348,000 after purchasing an additional 169,445 shares during the last quarter. Wealth Group Ltd. increased its position in NVIDIA by 5.0% during the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock worth $680,000 after buying an additional 265 shares during the period. SOA Wealth Advisors LLC. raised its stake in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Swedbank AB boosted its stake in shares of NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after buying an additional 1,868,358 shares during the period. Finally, Benin Management CORP lifted its position in shares of NVIDIA by 62.7% during the 3rd quarter. Benin Management CORP now owns 24,860 shares of the computer hardware maker’s stock valued at $3,019,000 after acquiring an additional 9,576 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 over the last three months. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Susquehanna reiterated a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Truist Financial lifted their target price on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Four 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 data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $171.51.

NVIDIA Stock Performance

Shares of NVDA opened at $111.43 on Friday. The business’s 50 day moving average price is $125.57 and its 200-day moving average price is $131.32. The stock has a market cap of $2.72 trillion, a P/E ratio of 43.85, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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.