Roth Financial Partners LLC Purchases New Stake in NVIDIA Co. (NASDAQ:NVDA)

Roth Financial Partners LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 850 shares of the computer hardware maker’s stock, valued at approximately $421,000. NVIDIA makes up 0.2% of Roth Financial Partners LLC’s portfolio, making the stock its 18th biggest holding.

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

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Raymond James lifted their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Susquehanna reissued a “positive” rating and issued a $1,050.00 price objective on shares of NVIDIA in a report on Thursday, April 4th. Piper Sandler Companies increased their target price on NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Finally, Oppenheimer boosted their price target on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Four equities research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $940.30.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 6.2 %

NASDAQ NVDA opened at $877.35 on Monday. The firm’s 50 day moving average price is $854.40 and its two-hundred day moving average price is $637.76. The stock has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.48, a PEG ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a twelve month low of $266.25 and a twelve month 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.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. Equities analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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 dividend of $0.04 per share. 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%.

About NVIDIA

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.