Transcend Capital Advisors LLC Has $6.86 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Transcend Capital Advisors LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,850 shares of the computer hardware maker’s stock after buying an additional 487 shares during the period. Transcend Capital Advisors LLC’s holdings in NVIDIA were worth $6,859,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA bought a new position in NVIDIA in the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new position in NVIDIA in the fourth quarter valued at about $28,000. Your Advocates Ltd. LLP acquired a new stake in NVIDIA in the third quarter worth about $30,000. Trivant Custom Portfolio Group LLC lifted its position in 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 purchasing an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC raised its stake in shares of NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on NVDA shares. Wolfe Research upped their target price 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. Craig Hallum boosted their target price on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $900.00 price objective on shares of NVIDIA in a research note on Monday, March 4th. Jefferies Financial Group upped their target price on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Tigress Financial boosted their price target on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

NVIDIA Stock Performance

NVDA opened at $887.89 on Monday. 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 company has a market capitalization of $2.22 trillion, a PE ratio of 74.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. The business has a fifty day simple moving average of $867.38 and a 200 day simple moving average of $652.35. NVIDIA Co. has a 1 year low of $272.40 and a 1 year high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its quarterly 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 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%. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. Research analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

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 dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Activity

In related news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by company insiders.

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.