NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by PBMares Wealth Management LLC

PBMares Wealth Management LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 588 shares of the computer hardware maker’s stock after purchasing an additional 36 shares during the period. PBMares Wealth Management LLC’s holdings in NVIDIA were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NVDA. Norges Bank acquired a new stake in shares of NVIDIA during the 4th quarter valued at $3,900,874,000. Moneta Group Investment Advisors LLC lifted its position in shares of NVIDIA by 160,446.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after acquiring an additional 19,574,443 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of NVIDIA by 54,019.5% during the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock valued at $8,352,811,000 after acquiring an additional 16,835,703 shares during the last quarter. Morgan Stanley lifted its position in shares of NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock valued at $4,023,783,000 after acquiring an additional 4,621,002 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of NVIDIA by 55.7% during the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock valued at $3,240,769,000 after acquiring an additional 2,740,850 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. Oppenheimer increased their price objective on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Susquehanna reiterated a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a research report on Thursday, April 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. Loop Capital assumed coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price on the stock. Finally, KeyCorp boosted their target price on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Price Performance

NASDAQ NVDA opened at $874.15 on Wednesday. NVIDIA Co. has a fifty-two week low of $262.25 and a fifty-two week high of $974.00. The stock’s 50-day moving average is $838.10 and its two-hundred day moving average is $616.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a market cap of $2.19 trillion, a P/E ratio of 73.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue was up 265.3% compared to the same quarter last year. On average, analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

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.