Indie Asset Partners LLC Purchases 85 Shares of NVIDIA Co. (NASDAQ:NVDA)

Indie Asset Partners LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 841 shares of the computer hardware maker’s stock after acquiring an additional 85 shares during the period. Indie Asset Partners LLC’s holdings in NVIDIA were worth $417,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new position in NVIDIA during the 4th quarter valued at about $28,000. Peoples Financial Services CORP. bought a new position in NVIDIA during the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA in the third quarter worth approximately $30,000. Quarry LP bought a new stake in NVIDIA in the 1st quarter worth approximately $34,000. Finally, Compass Wealth Management LLC purchased a new stake in NVIDIA during the 4th quarter valued at $39,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 0.8 %

NASDAQ NVDA opened at $846.71 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $843.90 and a two-hundred day moving average of $620.05. The firm has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 70.91, a PEG ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. NVIDIA’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NVDA. Citigroup upped their price objective on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Wolfe Research upped their price target on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Benchmark reissued a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Wedbush reiterated an “outperform” rating and issued a $1,000.00 price target on shares of NVIDIA in a research report on Tuesday, March 19th. Finally, Tigress Financial lifted their price target 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 equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $940.30.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on 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 sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The stock was 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 of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by 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.