Octavia Wealth Advisors LLC Buys 3,373 Shares of NVIDIA Co. (NASDAQ:NVDA)

Octavia Wealth Advisors LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,179 shares of the computer hardware maker’s stock after acquiring an additional 3,373 shares during the quarter. NVIDIA comprises approximately 1.5% of Octavia Wealth Advisors LLC’s holdings, making the stock its 21st largest position. Octavia Wealth Advisors LLC’s holdings in NVIDIA were worth $8,507,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NVDA. Retirement Solution Inc. acquired a new position in shares of NVIDIA during the 3rd quarter worth about $202,000. Veery Capital LLC lifted its position in shares of NVIDIA by 28.0% during the 3rd quarter. Veery Capital LLC now owns 700 shares of the computer hardware maker’s stock worth $304,000 after purchasing an additional 153 shares during the last quarter. Cooper Financial Group lifted its position in shares of NVIDIA by 3.8% during the 3rd quarter. Cooper Financial Group now owns 10,259 shares of the computer hardware maker’s stock worth $4,462,000 after purchasing an additional 380 shares during the last quarter. Gilman Hill Asset Management LLC lifted its position in shares of NVIDIA by 4.1% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 3,163 shares of the computer hardware maker’s stock worth $1,376,000 after purchasing an additional 125 shares during the last quarter. Finally, Scharf Investments LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth about $1,511,000. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last 90 days. 3.99% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVDA opened at $796.77 on Thursday. The business’s 50-day moving average price is $849.38 and its two-hundred day moving average price is $631.03. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The company has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 66.73, a P/E/G ratio of 1.14 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 (NASDAQ:NVDA) last released its quarterly 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 firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. Equities analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Truist Financial boosted their price objective on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Raymond James upped their price target on NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. Evercore ISI started coverage on NVIDIA in a report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price target for the company. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 price target on shares of NVIDIA in a report on Tuesday, March 19th. Finally, Piper Sandler Companies upped their price target on NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

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.