NVIDIA Co. (NASDAQ:NVDA) Position Increased by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC raised its position in NVIDIA Co. (NASDAQ:NVDA) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,521 shares of the computer hardware maker’s stock after purchasing an additional 36 shares during the quarter. NVIDIA accounts for approximately 1.6% of Beverly Hills Private Wealth LLC’s portfolio, making the stock its 5th largest position. Beverly Hills Private Wealth LLC’s holdings in NVIDIA were worth $6,201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heartland Bank & Trust Co grew its stake in shares of NVIDIA by 1.6% in the third quarter. Heartland Bank & Trust Co now owns 11,304 shares of the computer hardware maker’s stock worth $4,917,000 after acquiring an additional 176 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of NVIDIA by 6.4% in the third quarter. Moody National Bank Trust Division now owns 50,119 shares of the computer hardware maker’s stock worth $21,801,000 after acquiring an additional 3,035 shares in the last quarter. Ayrshire Capital Management LLC grew its stake in shares of NVIDIA by 6.6% in the third quarter. Ayrshire Capital Management LLC now owns 549 shares of the computer hardware maker’s stock worth $239,000 after acquiring an additional 34 shares in the last quarter. Capital City Trust Co. FL grew its stake in shares of NVIDIA by 162.1% in the third quarter. Capital City Trust Co. FL now owns 3,551 shares of the computer hardware maker’s stock worth $1,545,000 after acquiring an additional 2,196 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC grew its stake in shares of NVIDIA by 3.5% in the third quarter. Kohmann Bosshard Financial Services LLC now owns 1,412 shares of the computer hardware maker’s stock worth $614,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $795.18 on Tuesday. The firm has a 50 day moving average of $846.17 and a 200-day moving average of $627.28. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.60, a PEG ratio of 1.09 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the firm earned $0.65 EPS. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Insider Activity

In other news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at $945,366,393.82. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NVDA. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research note on Monday, March 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Wedbush reiterated an “outperform” rating and set a $1,000.00 target price on shares of NVIDIA in a research note on Tuesday, March 19th. Jefferies Financial Group boosted their target price on shares of NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Tigress Financial boosted their target price on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Four 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $940.30.

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.