Intrepid Financial Planning Group LLC Has $792,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Intrepid Financial Planning Group LLC lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,894 shares of the computer hardware maker’s stock after acquiring an additional 214 shares during the period. Intrepid Financial Planning Group LLC’s holdings in NVIDIA were worth $792,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Centurion Wealth Management LLC raised its stake in NVIDIA by 2.1% in the 4th quarter. Centurion Wealth Management LLC now owns 88,514 shares of the computer hardware maker’s stock worth $11,887,000 after purchasing an additional 1,779 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of NVIDIA by 2.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,195,005 shares of the computer hardware maker’s stock worth $160,477,000 after purchasing an additional 23,415 shares during the period. Ascent Capital Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $2,399,000. Hutchinson Capital Management CA boosted its stake in shares of NVIDIA by 6.8% in the fourth quarter. Hutchinson Capital Management CA now owns 2,255 shares of the computer hardware maker’s stock valued at $303,000 after buying an additional 144 shares during the period. Finally, Avalon Trust Co grew its position in NVIDIA by 0.7% during the fourth quarter. Avalon Trust Co now owns 722,736 shares of the computer hardware maker’s stock worth $97,056,000 after buying an additional 5,056 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction 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 directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $101.33 on Monday. 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 firm’s 50-day moving average price is $116.56 and its 200-day moving average price is $129.90. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 1-year low of $76.40 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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 business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Analyst Upgrades and Downgrades

Several research firms have commented on NVDA. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Susquehanna reaffirmed a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. UBS Group lowered their price target on NVIDIA from $185.00 to $180.00 and set a “buy” rating for the company in a report on Thursday. Finally, DA Davidson lowered their target price on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.51.

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.