Stockman Wealth Management Inc. Buys 4,525 Shares of NVIDIA Co. (NASDAQ:NVDA)

Stockman Wealth Management Inc. grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 821.2% in the fourth quarter, HoldingsChannel reports. The fund owned 5,076 shares of the computer hardware maker’s stock after acquiring an additional 4,525 shares during the period. Stockman Wealth Management Inc.’s holdings in NVIDIA were worth $2,514,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NVDA. CX Institutional raised its stake in shares of NVIDIA by 1.8% in the third quarter. CX Institutional now owns 7,283 shares of the computer hardware maker’s stock worth $3,168,000 after acquiring an additional 126 shares during the last quarter. RFG Holdings Inc. acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $338,000. Galvin Gaustad & Stein LLC grew its position in shares of NVIDIA by 25.6% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 2,434 shares of the computer hardware maker’s stock worth $1,059,000 after buying an additional 496 shares during the period. Syntegra Private Wealth Group LLC grew its position in shares of NVIDIA by 2.4% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 1,906 shares of the computer hardware maker’s stock worth $829,000 after buying an additional 45 shares during the period. Finally, SS&H Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $5,550,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Performance

NASDAQ NVDA opened at $830.41 on Thursday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $863.93 and its two-hundred day moving average price is $644.83. NVIDIA Co. has a 1 year low of $272.40 and a 1 year high of $974.00. The firm has a market capitalization of $2.08 trillion, a P/E ratio of 69.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results 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. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. As a group, research analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $7,975,700.00. Following the completion of the transaction, 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 a total of 61,278 shares of company stock worth $52,689,898 over the last ninety days. Insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NVDA. Stifel Nicolaus reiterated a “buy” rating and set a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. The Goldman Sachs Group lifted their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Evercore ISI began coverage on shares of NVIDIA in a research report on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 price target for the company. Needham & Company LLC lifted their price target on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, Bank of America lifted their price target 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. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

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.