NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Raised by Monument Capital Management

Monument Capital Management raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,820 shares of the computer hardware maker’s stock after purchasing an additional 124 shares during the period. Monument Capital Management’s holdings in NVIDIA were worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Criterion Capital Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at about $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the 3rd quarter valued at about $30,000. Trivant Custom Portfolio Group LLC grew its position in shares of NVIDIA by 44.1% during 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. Finally, O Brien Wealth Partners LLC grew its position in shares of NVIDIA by 139.5% during 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. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 1.5 %

NVDA stock opened at $864.02 on Wednesday. NVIDIA Co. has a 52-week low of $272.40 and a 52-week high of $974.00. The company’s 50 day simple moving average is $860.82 and its 200-day simple moving average is $643.52. 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 capitalization of $2.16 trillion, a P/E ratio of 72.36, a P/E/G ratio of 1.26 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. As a group, equities research analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NVDA shares. Wolfe Research boosted their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Needham & Company LLC boosted their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Truist Financial boosted their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. CICC Research initiated coverage on shares of NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price for the company. 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 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 a consensus rating of “Moderate Buy” and a consensus target price of $941.55.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by company 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.