Investment Partners LTD. Raises Stake in NVIDIA Co. (NASDAQ:NVDA)

Investment Partners LTD. grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,333 shares of the computer hardware maker’s stock after purchasing an additional 96 shares during the quarter. Investment Partners LTD.’s holdings in NVIDIA were worth $1,155,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Lodestar Private Asset Management LLC boosted its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock valued at $818,000 after buying an additional 17 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in shares of NVIDIA by 0.6% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock valued at $1,481,000 after purchasing an additional 18 shares during the last quarter. Kraft Davis & Associates LLC raised its position in shares of NVIDIA by 0.6% in the 4th quarter. Kraft Davis & Associates LLC now owns 3,048 shares of the computer hardware maker’s stock valued at $1,509,000 after purchasing an additional 18 shares during the last quarter. IAG Wealth Partners LLC raised its position in shares of NVIDIA by 4.4% in the 4th quarter. IAG Wealth Partners LLC now owns 430 shares of the computer hardware maker’s stock valued at $213,000 after purchasing an additional 18 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its position in shares of NVIDIA by 1.8% in the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after purchasing an additional 19 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $910.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Sanford C. Bernstein increased their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Truist Financial increased their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Argus raised their price target on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Four 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 company. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $941.55.

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 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 legal filing with the SEC, which can be accessed through this hyperlink. 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 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last quarter. Company insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 3.5 %

Shares of NVDA opened at $887.89 on Monday. NVIDIA Co. has a 52-week low of $272.40 and a 52-week high of $974.00. 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 firm’s fifty day moving average is $867.38 and its two-hundred day moving average is $652.35. The stock has a market cap of $2.22 trillion, a PE ratio of 74.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last announced its 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 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 analysts’ expectations of $20.40 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. Research analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA Company 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.