Acropolis Investment Management LLC Purchases 87 Shares of NVIDIA Co. (NASDAQ:NVDA)

Acropolis Investment Management LLC raised its position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,746 shares of the computer hardware maker’s stock after purchasing an additional 87 shares during the quarter. Acropolis Investment Management LLC’s holdings in NVIDIA were worth $986,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NVDA. United Bank raised its holdings in NVIDIA by 28.9% during the 1st quarter. United Bank now owns 7,717 shares of the computer hardware maker’s stock worth $2,106,000 after purchasing an additional 1,730 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in NVIDIA by 6.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,904,772 shares of the computer hardware maker’s stock worth $1,065,457,000 after buying an additional 249,045 shares during the last quarter. MAS Advisors LLC lifted its holdings in NVIDIA by 42.1% in the first quarter. MAS Advisors LLC now owns 1,967 shares of the computer hardware maker’s stock valued at $545,000 after buying an additional 583 shares during the period. Navis Wealth Advisors LLC boosted its position in NVIDIA by 205.3% during the first quarter. Navis Wealth Advisors LLC now owns 2,900 shares of the computer hardware maker’s stock valued at $791,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Ergoteles LLC acquired a new stake in NVIDIA during the 1st quarter worth about $929,000. 61.80% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 0.7 %

NVIDIA stock opened at $257.25 on Friday. NVIDIA Co. has a twelve month low of $108.13 and a twelve month high of $289.46. The firm has a 50 day moving average price of $210.84 and a 200-day moving average price of $167.00. The company has a market capitalization of $635.41 billion, a P/E ratio of 147.84, a P/E/G ratio of 4.53 and a beta of 1.76. The company has a quick ratio of 2.73, a current ratio of 3.52 and a debt-to-equity ratio of 0.44.

NVIDIA (NASDAQ:NVDA – Get Rating) last released its earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a net margin of 16.19% and a return on equity of 26.61%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the firm earned $1.14 EPS. The company’s revenue was down 20.8% compared to the same quarter last year. As a group, equities analysts predict that NVIDIA Co. will post 3.21 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 8th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.06%. The ex-dividend date is Tuesday, March 7th. NVIDIA’s payout ratio is currently 9.20%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NVDA shares. Raymond James reissued a “strong-buy” rating and issued a $290.00 price objective on shares of NVIDIA in a research note on Thursday, March 2nd. StockNews.com assumed coverage on shares of NVIDIA in a research report on Thursday. They set a “hold” rating for the company. KeyCorp boosted their target price on shares of NVIDIA from $220.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, February 17th. Jefferies Financial Group raised their price target on shares of NVIDIA from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Finally, BMO Capital Markets increased their price objective on shares of NVIDIA from $210.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.32.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 10,741 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $200.00, for a total transaction of $2,148,200.00. Following the sale, the chief financial officer now directly owns 536,960 shares in the company, valued at approximately $107,392,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Colette Kress sold 10,741 shares of the business’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $200.00, for a total transaction of $2,148,200.00. Following the sale, the chief financial officer now directly owns 536,960 shares in the company, valued at approximately $107,392,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark L. Perry sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $236.37, for a total value of $4,727,400.00. Following the completion of the transaction, the director now owns 140,000 shares of the company’s stock, valued at approximately $33,091,800. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 293,066 shares of company stock worth $51,229,679. 4.04% of the stock is owned by corporate insiders.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.