NVIDIA Co. (NASDAQ:NVDA) Shares Acquired by Black Diamond Financial LLC

Black Diamond Financial LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,195 shares of the computer hardware maker’s stock after acquiring an additional 1,386 shares during the quarter. Black Diamond Financial LLC’s holdings in NVIDIA were worth $2,578,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NVDA. BCGM Wealth Management LLC lifted its stake in NVIDIA by 2.0% in the 4th quarter. BCGM Wealth Management LLC now owns 17,992 shares of the computer hardware maker’s stock worth $2,416,000 after purchasing an additional 356 shares in the last quarter. World Equity Group Inc. lifted its position in NVIDIA by 110.5% during the fourth quarter. World Equity Group Inc. now owns 105,708 shares of the computer hardware maker’s stock worth $14,196,000 after buying an additional 55,497 shares in the last quarter. Atlantic Family Wealth LLC acquired a new position in NVIDIA during the fourth quarter worth $670,000. Delap Wealth Advisory LLC grew its holdings in NVIDIA by 7.5% in the 4th quarter. Delap Wealth Advisory LLC now owns 6,894 shares of the computer hardware maker’s stock valued at $926,000 after buying an additional 480 shares in the last quarter. Finally, Stevens Capital Partners increased its stake in shares of NVIDIA by 3.0% in the 4th quarter. Stevens Capital Partners now owns 5,049 shares of the computer hardware maker’s stock worth $678,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,609 shares of company stock worth $22,642,615. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 1.6 %

NVDA opened at $109.67 on Friday. The business’s 50-day simple moving average is $125.01 and its 200-day simple moving average is $131.50. The company has a market cap of $2.68 trillion, a P/E ratio of 43.16, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. 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 (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on NVDA shares. Needham & Company LLC reissued a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson decreased their target price on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. HSBC cut their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Tigress Financial reissued a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.51.

NVIDIA Company 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.