NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Stephens Consulting LLC

Stephens Consulting LLC boosted its stake in NVIDIA Co. (NASDAQ:NVDA) by 71.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,091 shares of the computer hardware maker’s stock after buying an additional 1,701 shares during the quarter. NVIDIA makes up approximately 0.7% of Stephens Consulting LLC’s portfolio, making the stock its 23rd largest holding. Stephens Consulting LLC’s holdings in NVIDIA were worth $2,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA in the 4th quarter valued at about $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA in the 4th quarter valued at about $28,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA in the 3rd quarter valued at about $30,000. O Brien Wealth Partners LLC lifted its stake in NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after buying an additional 53 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its stake in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $830.41 on Thursday. NVIDIA Co. has a 1-year low of $272.40 and a 1-year high of $974.00. The stock has a market cap of $2.08 trillion, a PE ratio of 69.55, a price-to-earnings-growth ratio of 1.26 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. The firm has a fifty day moving average price of $863.93 and a 200 day moving average price of $644.83.

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

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a research note on Tuesday, February 20th. Raymond James raised their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Benchmark reissued a “buy” rating and issued a $1,000.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Needham & Company LLC lifted their price target on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Craig Hallum lifted their price target on shares of NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $941.55.

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.