SVB Wealth LLC Purchases 6,376 Shares of NVIDIA Co. (NASDAQ:NVDA)

SVB Wealth LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 21.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,319 shares of the computer hardware maker’s stock after acquiring an additional 6,376 shares during the period. SVB Wealth LLC’s holdings in NVIDIA were worth $17,986,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. First American Trust FSB increased its stake in shares of NVIDIA by 168.8% during the fourth quarter. First American Trust FSB now owns 2,282 shares of the computer hardware maker’s stock valued at $1,131,000 after buying an additional 1,433 shares during the period. Hamilton Point Investment Advisors LLC increased its position in NVIDIA by 1.1% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 3,632 shares of the computer hardware maker’s stock valued at $1,799,000 after purchasing an additional 39 shares during the period. ACT Advisors LLC. raised its holdings in NVIDIA by 13.6% in the 4th quarter. ACT Advisors LLC. now owns 670 shares of the computer hardware maker’s stock worth $332,000 after purchasing an additional 80 shares in the last quarter. Members Trust Co lifted its position in shares of NVIDIA by 2.9% in the 4th quarter. Members Trust Co now owns 901 shares of the computer hardware maker’s stock worth $446,000 after purchasing an additional 25 shares during the period. Finally, RFG Holdings Inc. boosted its stake in shares of NVIDIA by 39.5% during the 4th quarter. RFG Holdings Inc. now owns 1,084 shares of the computer hardware maker’s stock valued at $537,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Down 3.3 %

Shares of NVIDIA stock opened at $796.77 on Thursday. The company’s fifty day simple moving average is $849.38 and its 200-day simple moving average is $631.03. The stock has a market capitalization of $1.99 trillion, a PE ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73. NVIDIA Co. has a 1-year low of $262.25 and a 1-year 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.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue was up 265.3% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. As a group, equities analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. The Goldman Sachs Group raised their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a research report on Tuesday, February 20th. Loop Capital began coverage on NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective for the company. Bank of America boosted their target price on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Susquehanna reiterated a “positive” rating and issued a $1,050.00 price target on shares of NVIDIA in a research note on Thursday, April 4th. Four equities 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

Insider Activity

In other news, Director John Dabiri sold 128 shares of the firm’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 sale, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 in the last three months. 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.