NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,357 shares of the computer hardware maker’s stock after acquiring an additional 1,722 shares during the quarter. Princeton Global Asset Management LLC’s holdings in NVIDIA were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in shares of NVIDIA in the third quarter worth approximately $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in NVIDIA in the second quarter worth approximately $31,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the fourth quarter worth approximately $34,000. West Financial Advisors LLC acquired a new position in NVIDIA in the third quarter worth approximately $36,000. Finally, Luken Investment Analytics LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $40,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. DA Davidson restated a “neutral” rating and issued a $135.00 price objective on shares of NVIDIA in a report on Thursday. Melius Research increased their price target on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Loop Capital reiterated a “buy” rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Morgan Stanley reiterated an “overweight” rating and set a $162.00 price target (up previously from $152.00) on shares of NVIDIA in a report on Wednesday. Finally, Phillip Securities reiterated an “accumulate” rating and set a $160.00 price target (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $169.62.

Insider Activity at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $124.81 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock’s fifty day moving average price is $134.19 and its 200 day moving average price is $132.03. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a market cap of $3.05 trillion, a price-to-earnings ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62.

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

NVIDIA Announces Dividend

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

NVIDIA 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.