1,159 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by EWG Elevate Inc.

EWG Elevate Inc. acquired a new position in NVIDIA Co. (NASDAQ:NVDA – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,159 shares of the computer hardware maker’s stock, valued at approximately $169,000.

Other hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC lifted its stake in NVIDIA by 124.1% in the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock worth $28,000 after acquiring an additional 108 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in NVIDIA by 271.2% in the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock worth $30,000 after purchasing an additional 179 shares in the last quarter. FSC Wealth Advisors LLC raised its holdings in NVIDIA by 313.6% in the third quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 207 shares in the last quarter. Paragon Wealth Strategies LLC bought a new position in NVIDIA in the third quarter worth about $36,000. Finally, Lumature Wealth Partners LLC raised its holdings in NVIDIA by 396.8% in the third quarter. Lumature Wealth Partners LLC now owns 313 shares of the computer hardware maker’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark A. Stevens sold 120,000 shares of the stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the transaction, the director now owns 1,325,888 shares in the company, valued at approximately $210,604,049.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Mark A. Stevens sold 120,000 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $158.84, for a total value of $19,060,800.00. Following the completion of the transaction, the director now directly owns 1,325,888 shares of the company’s stock, valued at approximately $210,604,049.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark L. Perry sold 20,000 shares of the stock in a transaction on Monday, February 27th. The shares were 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 directly owns 140,000 shares of the company’s stock, valued at $33,091,800. The disclosure for this sale can be found here. Insiders have sold 293,066 shares of company stock worth $51,229,679 in the last quarter. Corporate insiders own 4.04% of the company’s stock.

NVIDIA Trading Up 0.7 %

Shares of NASDAQ:NVDA opened at $257.25 on Friday. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46. The firm has a market capitalization of $635.41 billion, a price-to-earnings ratio of 147.84, a price-to-earnings-growth ratio of 4.53 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. The business’s 50 day moving average price is $210.84 and its 200-day moving average price is $167.00.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter last year, the firm posted $1.14 EPS. The business’s revenue was down 20.8% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Co. will post 3.21 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on shares of NVIDIA from $210.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. HSBC initiated coverage on shares of NVIDIA in a report on Thursday, December 15th. They issued a “reduce” rating and a $136.00 target price for the company. Piper Sandler boosted their target price on shares of NVIDIA from $200.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, February 22nd. Robert W. Baird upped their price objective on shares of NVIDIA from $150.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. Finally, Cowen upped their price objective on shares of NVIDIA from $200.00 to $220.00 in a report on Monday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.32.

NVIDIA Company Profile

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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.