Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires 1,364 Shares of NVIDIA Co. (NASDAQ:NVDA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 118,704 shares of the computer hardware maker’s stock after purchasing an additional 1,364 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in NVIDIA were worth $58,785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Criterion Capital Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter worth about $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the third quarter worth about $30,000. Trivant Custom Portfolio Group LLC grew its holdings in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC grew its holdings in shares of NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NVDA shares. Craig Hallum boosted their price target on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Jefferies Financial Group lifted their price objective on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. CICC Research initiated coverage on NVIDIA in a research note on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective on the stock. KeyCorp lifted their price objective on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Oppenheimer lifted their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $941.55.

NVIDIA Trading Down 3.9 %

Shares of NVIDIA stock opened at $830.41 on Thursday. The stock has a fifty day simple moving average of $863.93 and a 200 day simple moving average of $644.83. NVIDIA Co. has a 12-month low of $272.40 and a 12-month high of $974.00. The company has a market capitalization of $2.08 trillion, a P/E ratio of 69.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by corporate insiders.

About NVIDIA

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.