Ellenbecker Investment Group Acquires 100 Shares of NVIDIA Co. (NASDAQ:NVDA)

Ellenbecker Investment Group grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,168 shares of the computer hardware maker’s stock after buying an additional 100 shares during the quarter. Ellenbecker Investment Group’s holdings in NVIDIA were worth $1,073,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA bought a new position in NVIDIA in the fourth quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new position in NVIDIA in the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP bought a new position in NVIDIA in the third quarter worth approximately $30,000. Trivant Custom Portfolio Group LLC grew its stake in NVIDIA by 44.1% in 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 in the last quarter. Finally, O Brien Wealth Partners LLC grew its stake in NVIDIA by 139.5% in 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 in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 value of $4,003,700.00. Following the completion of the sale, the director now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $830.41 on Thursday. The business’s 50-day moving average is $863.93 and its two-hundred day moving average is $644.83. The company has a market capitalization of $2.08 trillion, a P/E ratio of 69.55, a P/E/G 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. NVIDIA Co. has a fifty-two week low of $272.40 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its quarterly 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. The company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Needham & Company LLC upped their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Wells Fargo & Company upped their target price on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Cantor Fitzgerald restated an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Deutsche Bank Aktiengesellschaft upped their target price on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. Finally, Bank of America upped their target price on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $941.55.

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.