Mather Group LLC. Increases Position in NVIDIA Co. (NASDAQ:NVDA)

Mather Group LLC. increased its position in NVIDIA Co. (NASDAQ:NVDA) by 18.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,318 shares of the computer hardware maker’s stock after acquiring an additional 1,594 shares during the period. Mather Group LLC.’s holdings in NVIDIA were worth $5,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC raised its position in NVIDIA by 11.8% during the 4th quarter. Flaharty Asset Management LLC now owns 1,211 shares of the computer hardware maker’s stock worth $600,000 after buying an additional 128 shares during the last quarter. Capital Investment Counsel Inc raised its holdings in shares of NVIDIA by 1.8% during the fourth quarter. Capital Investment Counsel Inc now owns 66,530 shares of the computer hardware maker’s stock worth $32,947,000 after purchasing an additional 1,184 shares during the last quarter. Red Wave Investments LLC lifted its position in NVIDIA by 78.7% during the fourth quarter. Red Wave Investments LLC now owns 4,842 shares of the computer hardware maker’s stock valued at $2,398,000 after purchasing an additional 2,132 shares during the period. Eagle Wealth Strategies LLC purchased a new stake in NVIDIA in the fourth quarter valued at $270,000. Finally, Blue Chip Partners LLC grew its position in NVIDIA by 6.1% during the 4th quarter. Blue Chip Partners LLC now owns 1,782 shares of the computer hardware maker’s stock worth $882,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of several analyst reports. Loop Capital started 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. UBS Group upped their price objective on NVIDIA from $1,100.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley lifted their target price on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Bank of America increased their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, CICC Research started coverage on shares of NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective for the company. Four 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $944.05.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now 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 SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the transaction, the director now owns 1,107,583 shares in the company, valued at $945,366,393.82. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 over the last 90 days. 3.99% of the stock is owned by company insiders.

NVIDIA Stock Down 1.7 %

Shares of NASDAQ NVDA opened at $905.54 on Wednesday. The company has a market capitalization of $2.26 trillion, a P/E ratio of 75.84, a P/E/G ratio of 1.27 and a beta of 1.75. 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 company has a 50 day simple moving average of $872.36 and a 200-day simple moving average of $659.34. NVIDIA Co. has a 1 year low of $280.46 and a 1 year high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its 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 return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 265.3% compared to the same quarter last year. On average, equities research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.