NVIDIA Co. (NASDAQ:NVDA) Stock Position Increased by Bluesphere Advisors LLC

Bluesphere Advisors LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,105 shares of the computer hardware maker’s stock after buying an additional 491 shares during the period. NVIDIA makes up approximately 2.7% of Bluesphere Advisors LLC’s holdings, making the stock its 8th largest holding. Bluesphere Advisors LLC’s holdings in NVIDIA were worth $5,520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PBMares Wealth Management LLC increased its stake in NVIDIA by 7.8% in the fourth quarter. PBMares Wealth Management LLC now owns 17,349 shares of the computer hardware maker’s stock worth $2,330,000 after purchasing an additional 1,248 shares during the period. Five Oceans Advisors increased its stake in NVIDIA by 6.8% in the fourth quarter. Five Oceans Advisors now owns 46,747 shares of the computer hardware maker’s stock worth $6,278,000 after purchasing an additional 2,965 shares during the period. Journey Strategic Wealth LLC increased its stake in NVIDIA by 4.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 93,237 shares of the computer hardware maker’s stock worth $12,521,000 after purchasing an additional 3,946 shares during the period. Osborne Partners Capital Management LLC increased its stake in NVIDIA by 17.5% in the fourth quarter. Osborne Partners Capital Management LLC now owns 228,195 shares of the computer hardware maker’s stock worth $30,644,000 after purchasing an additional 33,954 shares during the period. Finally, Richardson Financial Services Inc. increased its stake in NVIDIA by 3.8% in the fourth quarter. Richardson Financial Services Inc. now owns 22,420 shares of the computer hardware maker’s stock worth $3,082,000 after purchasing an additional 814 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 3.9 %

Shares of NASDAQ:NVDA opened at $124.81 on Friday. The business has a 50-day moving average price of $134.19 and a 200-day moving average price of $131.92. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.06 trillion, a price-to-earnings ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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 analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed 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. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.57%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVDA. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Thursday, February 20th. UBS Group increased their price target on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Citigroup increased their price target on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen increased 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. Finally, Susquehanna increased their price target on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $169.62.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm’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 completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,107,632 shares of company stock valued at $146,405,286. Company insiders own 4.23% of the company’s stock.

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.