NVIDIA Co. (NASDAQ:NVDA) Stake Lifted by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 257,545 shares of the computer hardware maker’s stock after acquiring an additional 11,646 shares during the quarter. NVIDIA makes up about 8.9% of Newbridge Financial Services Group Inc.’s portfolio, making the stock its biggest position. Newbridge Financial Services Group Inc.’s holdings in NVIDIA were worth $34,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Stephens Inc. AR boosted its position in NVIDIA by 2.9% during the 4th quarter. Stephens Inc. AR now owns 680,771 shares of the computer hardware maker’s stock valued at $91,421,000 after acquiring an additional 18,923 shares in the last quarter. Rede Wealth LLC boosted its position in NVIDIA by 2.5% during the 4th quarter. Rede Wealth LLC now owns 31,072 shares of the computer hardware maker’s stock valued at $4,173,000 after acquiring an additional 753 shares in the last quarter. Howland Capital Management LLC boosted its position in NVIDIA by 4.4% during the 4th quarter. Howland Capital Management LLC now owns 449,476 shares of the computer hardware maker’s stock valued at $60,360,000 after acquiring an additional 19,027 shares in the last quarter. Quotient Wealth Partners LLC boosted its position in NVIDIA by 10.1% during the 4th quarter. Quotient Wealth Partners LLC now owns 85,839 shares of the computer hardware maker’s stock valued at $11,527,000 after acquiring an additional 7,875 shares in the last quarter. Finally, Alliance Wealth Advisors LLC boosted its position in shares of NVIDIA by 4.7% in the 4th quarter. Alliance Wealth Advisors LLC now owns 9,886 shares of the computer hardware maker’s stock worth $1,328,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NVDA. TD Cowen raised their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. Robert W. Baird raised their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $171.69.

Insider Buying and Selling

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The stock was 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 in the company, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,107,632 shares of company stock worth $146,405,286. Insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $108.76 on Wednesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The business has a 50-day moving average price of $130.54 and a 200 day moving average price of $131.42. The firm has a market cap of $2.65 trillion, a PE ratio of 42.80, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

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.