Winebrenner Capital Management LLC Acquires Shares of 33,380 NVIDIA Co. (NASDAQ:NVDA)

Winebrenner Capital Management LLC bought a new position in NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,380 shares of the computer hardware maker’s stock, valued at approximately $4,483,000. NVIDIA comprises about 3.5% of Winebrenner Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the fourth quarter worth $34,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $40,000. DHJJ Financial Advisors Ltd. raised its stake 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 worth $41,000 after acquiring an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. grew its stake in shares of 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 purchasing an additional 248 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on NVDA shares. Susquehanna reaffirmed a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho cut their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Morgan Stanley set a $162.00 price objective on NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday, March 19th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. 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, NVIDIA has an average rating of “Moderate Buy” and a consensus target price of $171.51.

NVIDIA Stock Down 2.0 %

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

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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 for 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 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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