Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Stake in NVIDIA Co. (NASDAQ:NVDA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.0% during the fourth quarter, Holdings Channel reports. The firm owned 1,348,744 shares of the computer hardware maker’s stock after purchasing an additional 63,733 shares during the period. NVIDIA makes up approximately 1.6% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 22nd largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in NVIDIA were worth $181,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. Christopher J. Hasenberg Inc acquired a new position in shares of NVIDIA in the 3rd quarter valued at $27,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the 4th quarter valued at $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter valued at $40,000. DHJJ Financial Advisors Ltd. grew its position in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after buying an additional 140 shares during the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock valued at $146,405,286 over the last 90 days. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Up 1.7 %

Shares of NASDAQ:NVDA opened at $108.76 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The stock has a market capitalization of $2.65 trillion, a P/E ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.77. The stock has a 50-day simple moving average of $130.54 and a 200-day simple moving average of $131.42.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

Analysts Set New Price Targets

Several brokerages have commented on NVDA. Truist Financial boosted their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. TD Cowen boosted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. DA Davidson restated a “neutral” rating and set a $135.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Finally, Redburn Atlantic began coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $171.69.

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.