B & T Capital Management DBA Alpha Capital Management Increases Position in NVIDIA Co. (NASDAQ:NVDA)

B & T Capital Management DBA Alpha Capital Management lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,633 shares of the computer hardware maker’s stock after buying an additional 47 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in NVIDIA were worth $2,294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Peoples Financial Services CORP. purchased a new position in NVIDIA during the third quarter worth approximately $30,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA during the third quarter worth approximately $30,000. Quarry LP purchased a new position in NVIDIA during the first quarter worth approximately $34,000. Compass Wealth Management LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $39,000. Finally, Trivant Custom Portfolio Group LLC raised its stake in NVIDIA by 44.1% during 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 during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $902.50 on Thursday. The firm has a fifty day moving average of $758.96 and a two-hundred day moving average of $569.38. The firm has a market cap of $2.26 trillion, a P/E ratio of 75.59, a P/E/G ratio of 1.33 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 1-year low of $258.50 and a 1-year high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data 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. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. As a group, research analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders 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 dividend yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler Companies increased their price target on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Citigroup increased their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Benchmark reissued a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. Bank of America increased their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Craig Hallum increased their price objective on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $908.68.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total value of $19,354,368.64. Following the transaction, the director now directly owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total value of $19,354,368.64. Following the transaction, the director now directly owns 1,189,083 shares of the company’s stock, valued at $645,588,833.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the transaction, the executive vice president now directly owns 48,360 shares in the company, valued at $24,180,000. The disclosure for this sale can be found here. Insiders have sold 105,352 shares of company stock valued at $64,853,077 in the last quarter. Insiders own 3.99% of the company’s stock.

NVIDIA 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.