CRA Financial Services LLC Grows Stake in NVIDIA Co. (NASDAQ:NVDA)

CRA Financial Services LLC boosted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,559 shares of the computer hardware maker’s stock after purchasing an additional 110 shares during the quarter. NVIDIA makes up approximately 1.2% of CRA Financial Services LLC’s holdings, making the stock its 19th biggest position. CRA Financial Services LLC’s holdings in NVIDIA were worth $4,734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock valued at $88,598,850,000 after purchasing an additional 2,287,471 shares during the last quarter. Northern Trust Corp increased its stake in NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after acquiring an additional 910,009 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NVIDIA by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,197,744 shares of the computer hardware maker’s stock valued at $5,740,887,000 after purchasing an additional 77,089 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in NVIDIA by 2.0% in the third quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker’s stock worth $4,586,865,000 after purchasing an additional 209,085 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 11,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the sale, the director now owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last quarter. 3.99% of the stock is currently owned by company insiders.

NVIDIA Trading Up 0.0 %

NVIDIA stock opened at $877.57 on Tuesday. NVIDIA Co. has a one year low of $272.40 and a one year high of $974.00. The stock has a market cap of $2.19 trillion, a PE ratio of 73.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The stock has a 50-day moving average of $857.43 and a two-hundred day moving average of $640.64.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. On average, research analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on NVDA shares. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Piper Sandler lifted their target price on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Benchmark restated a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Mizuho increased their target price on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Finally, TD Cowen upped their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

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.