Aurora Private Wealth Inc. Purchases 372 Shares of NVIDIA Co. (NASDAQ:NVDA)

Aurora Private Wealth Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 20.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,196 shares of the computer hardware maker’s stock after acquiring an additional 372 shares during the quarter. NVIDIA comprises 1.0% of Aurora Private Wealth Inc.’s portfolio, making the stock its 22nd largest position. Aurora Private Wealth Inc.’s holdings in NVIDIA were worth $1,088,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. bought a new stake in NVIDIA in the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA in the 3rd quarter valued at $30,000. Trivant Custom Portfolio Group LLC raised its stake in NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares during the period. Valued Wealth Advisors LLC bought a new position in NVIDIA during the fourth quarter worth about $52,000. Finally, Reitz Capital Advisors LLC acquired a new position in NVIDIA in the third quarter valued at about $61,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. HSBC lifted their price objective on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a report on Monday, March 18th. TD Cowen increased their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. boosted their price objective on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. UBS Group increased their target price on NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, Tigress Financial upped their price objective on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Stock Up 3.7 %

NVDA stock opened at $824.23 on Wednesday. NVIDIA Co. has a fifty-two week low of $262.25 and a fifty-two week high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock has a market capitalization of $2.06 trillion, a price-to-earnings ratio of 69.03, a PEG ratio of 1.09 and a beta of 1.73. The business’s fifty day moving average price is $848.22 and its two-hundred day moving average price is $629.87.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for 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 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 earnings per share. On average, equities analysts anticipate 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. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was 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 directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were 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 owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. 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 90 days. Company 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.