Sincerus Advisory LLC Purchases New Position in NVIDIA Co. (NASDAQ:NVDA)

Sincerus Advisory LLC acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,835 shares of the computer hardware maker’s stock, valued at approximately $515,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Red Crane Wealth Management LLC acquired a new position in NVIDIA during the fourth quarter worth $295,000. Armstrong Fleming & Moore Inc grew its position in shares of NVIDIA by 3.5% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 20,599 shares of the computer hardware maker’s stock valued at $2,766,000 after purchasing an additional 705 shares during the period. LifeGoal Wealth Advisors purchased a new stake in NVIDIA in the fourth quarter valued at approximately $503,000. ORBA Wealth Advisors L.L.C. boosted its holdings in NVIDIA by 11.2% in the fourth quarter. ORBA Wealth Advisors L.L.C. now owns 5,427 shares of the computer hardware maker’s stock valued at $729,000 after acquiring an additional 545 shares during the last quarter. Finally, Impact Investors Inc acquired a new stake in NVIDIA during the 4th quarter worth approximately $1,727,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company’s 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 completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $22,642,615 over the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 0.2 %

NASDAQ:NVDA opened at $110.42 on Thursday. The firm has a market capitalization of $2.69 trillion, a PE ratio of 43.46, a price-to-earnings-growth 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 $195.95. 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 50 day moving average of $123.07 and a 200-day moving average of $131.32.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for 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%. Analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA’s payout ratio is 1.36%.

Analysts Set New Price Targets

NVDA has been the subject of several recent research reports. HSBC lowered their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Bank of America reiterated a “buy” rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $171.51.

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.