Carr Financial Group Corp Has $1.37 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Carr Financial Group Corp increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,768 shares of the computer hardware maker’s stock after acquiring an additional 187 shares during the period. Carr Financial Group Corp’s holdings in NVIDIA were worth $1,371,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in NVDA. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA in the 4th quarter valued at approximately $28,000. Peoples Financial Services CORP. acquired a new stake in NVIDIA in the 3rd quarter valued at approximately $30,000. Your Advocates Ltd. LLP acquired a new stake in NVIDIA in the 3rd quarter valued at approximately $30,000. O Brien Wealth Partners LLC grew its holdings in NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after buying an additional 53 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its holdings in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research analyst reports. CICC Research began coverage on NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price on the stock. Wolfe Research lifted their price objective on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. TD Cowen lifted their price objective on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Truist Financial lifted their price objective on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. lifted their price objective on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were 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 approximately $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NVIDIA stock opened at $840.35 on Thursday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The firm has a 50-day moving average of $840.89 and a 200-day moving average of $618.47. The firm has a market cap of $2.10 trillion, a P/E ratio of 70.38, a P/E/G ratio of 1.26 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 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Sell-side analysts expect that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s 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.