KFG Wealth Management LLC Purchases 86 Shares of NVIDIA Co. (NASDAQ:NVDA)

KFG Wealth Management LLC increased its position in NVIDIA Co. (NASDAQ:NVDA) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,379 shares of the computer hardware maker’s stock after buying an additional 86 shares during the quarter. KFG Wealth Management LLC’s holdings in NVIDIA were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Wealth Advisors LLC boosted its position in NVIDIA by 68.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 13,032 shares of the computer hardware maker’s stock valued at $5,669,000 after buying an additional 5,292 shares during the period. 1900 Wealth Management LLC bought a new stake in shares of NVIDIA in the 3rd quarter valued at about $309,000. DAVENPORT & Co LLC boosted its holdings in NVIDIA by 236.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 149,615 shares of the computer hardware maker’s stock valued at $64,920,000 after acquiring an additional 105,144 shares during the period. Eastern Bank grew its position in NVIDIA by 9,297.9% during the 3rd quarter. Eastern Bank now owns 52,910 shares of the computer hardware maker’s stock worth $23,016,000 after acquiring an additional 52,347 shares during the last quarter. Finally, Kozak & Associates Inc. increased its stake in NVIDIA by 38.4% in the 3rd quarter. Kozak & Associates Inc. now owns 23,894 shares of the computer hardware maker’s stock worth $10,935,000 after purchasing an additional 6,633 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho increased their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. HSBC raised their price target on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Loop Capital started coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Finally, Tigress Financial boosted their price target on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. 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’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $877.35 on Monday. NVIDIA Co. has a 1 year low of $266.25 and a 1 year high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company’s fifty day moving average price is $854.40 and its 200 day moving average price is $637.76. The company has a market capitalization of $2.19 trillion, a PE ratio of 73.48, a price-to-earnings-growth 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, beating analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. On average, research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA 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 owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last quarter, 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.