Narus Financial Partners LLC Has $1.57 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Narus Financial Partners LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,165 shares of the computer hardware maker’s stock after selling 389 shares during the quarter. NVIDIA comprises approximately 0.8% of Narus Financial Partners LLC’s investment portfolio, making the stock its 23rd largest holding. Narus Financial Partners LLC’s holdings in NVIDIA were worth $1,567,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the 4th quarter valued at $28,000. Peoples Financial Services CORP. acquired a new stake in NVIDIA in the 3rd quarter valued at $30,000. Your Advocates Ltd. LLP acquired a new stake in NVIDIA in the 3rd quarter valued at $30,000. Quarry LP acquired a new stake in NVIDIA in the 1st quarter valued at $34,000. Finally, Compass Wealth Management LLC acquired a new stake in NVIDIA in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Needham & Company LLC lifted their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. KeyCorp lifted their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. The Goldman Sachs Group lifted their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Loop Capital started coverage on shares of NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $926.30.

NVIDIA Stock Down 2.5 %

NVDA stock opened at $860.01 on Tuesday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.15 trillion, a PE ratio of 72.03, a PEG ratio of 1.27 and a beta of 1.73. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The stock has a 50-day simple moving average of $834.27 and a two-hundred day simple moving average of $613.81.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. NVIDIA’s revenue was up 265.3% on a year-over-year basis. On average, equities analysts predict that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by corporate insiders.

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.