Tnf LLC Acquires New Shares in NVIDIA Co. (NASDAQ:NVDA)

Tnf LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 773 shares of the computer hardware maker’s stock, valued at approximately $383,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in NVIDIA by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after buying an additional 2,287,471 shares during the period. Northern Trust Corp lifted its stake in shares of NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock valued at $11,445,211,000 after purchasing an additional 910,009 shares during the period. International Assets Investment Management LLC lifted its stake in shares of NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after purchasing an additional 16,835,703 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of NVIDIA by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,197,744 shares of the computer hardware maker’s stock valued at $5,740,887,000 after purchasing an additional 77,089 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of NVIDIA by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker’s stock valued at $4,586,865,000 after purchasing an additional 209,085 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Piper Sandler Companies boosted their price objective on NVIDIA to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Piper Sandler boosted their price objective on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Needham & Company LLC boosted their price objective on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Sanford C. Bernstein boosted their target price on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $940.30.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the 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 sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $824.23 on Wednesday. The firm has a market cap of $2.06 trillion, a PE ratio of 69.03, a P/E/G ratio of 1.09 and a beta of 1.73. 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 business has a 50 day moving average of $848.22 and a 200-day moving average of $629.87. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same period in the prior year, the company posted $0.65 earnings per share. NVIDIA’s quarterly revenue was up 265.3% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.