SYM FINANCIAL Corp Has $9.66 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

SYM FINANCIAL Corp lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 185.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,902 shares of the computer hardware maker’s stock after purchasing an additional 46,695 shares during the quarter. NVIDIA makes up about 1.2% of SYM FINANCIAL Corp’s investment portfolio, making the stock its 12th largest position. SYM FINANCIAL Corp’s holdings in NVIDIA were worth $9,656,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. DAVENPORT & Co LLC boosted its stake in NVIDIA by 3.3% in the 4th quarter. DAVENPORT & Co LLC now owns 2,052,430 shares of the computer hardware maker’s stock valued at $276,819,000 after buying an additional 64,698 shares in the last quarter. Precision Wealth Strategies LLC boosted its stake in NVIDIA by 12.4% in the 4th quarter. Precision Wealth Strategies LLC now owns 56,542 shares of the computer hardware maker’s stock valued at $7,593,000 after buying an additional 6,226 shares in the last quarter. CIBC Capital Markets Europe S.A. acquired a new stake in NVIDIA in the 4th quarter valued at $6,687,000. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in NVIDIA by 18.5% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 12,203 shares of the computer hardware maker’s stock valued at $1,639,000 after buying an additional 1,903 shares in the last quarter. Finally, Q3 Asset Management boosted its stake in NVIDIA by 223.3% in the 4th quarter. Q3 Asset Management now owns 22,382 shares of the computer hardware maker’s stock valued at $3,005,000 after buying an additional 15,459 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 3.9 %

NASDAQ:NVDA opened at $124.81 on Friday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.06 trillion, a price-to-earnings ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62. The stock has a 50-day moving average price of $134.19 and a two-hundred day moving average price of $131.92.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. As a group, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Monday, February 24th. DA Davidson reiterated a “neutral” rating and issued a $135.00 price objective on shares of NVIDIA in a research report on Thursday. UBS Group lifted their price objective on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Citigroup lifted their price objective on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.62.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Company insiders own 4.23% 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.