Cypress Wealth Services LLC Buys 8,314 Shares of NVIDIA Corporation $NVDA

Cypress Wealth Services LLC lifted its stake in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,576 shares of the computer hardware maker’s stock after buying an additional 8,314 shares during the quarter. NVIDIA comprises 1.3% of Cypress Wealth Services LLC’s portfolio, making the stock its 15th largest position. Cypress Wealth Services LLC’s holdings in NVIDIA were worth $9,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of NVIDIA in the 2nd quarter worth approximately $51,386,863,000. Capital Research Global Investors boosted its position in shares of NVIDIA by 16.1% during the third quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after purchasing an additional 22,896,705 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in NVIDIA by 15,496.1% in the second quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after purchasing an additional 21,725,326 shares during the period. Danske Bank A S purchased a new stake in NVIDIA in the third quarter worth $3,180,313,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in NVIDIA by 25.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 71,720,593 shares of the computer hardware maker’s stock worth $13,381,628,000 after purchasing an additional 14,358,048 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Colette Kress sold 42,650 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $174.89, for a total value of $7,459,058.50. Following the completion of the sale, the chief financial officer directly owned 881,387 shares in the company, valued at $154,145,772.43. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aarti S. Shah sold 19,000 shares of NVIDIA stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $176.71, for a total transaction of $3,357,490.00. Following the transaction, the director directly owned 36,007 shares of the company’s stock, valued at $6,362,796.97. The trade was a 34.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,401,616 shares of company stock valued at $253,555,407 in the last three months. Corporate insiders own 4.17% of the company’s stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $177.39 on Monday. NVIDIA Corporation has a 1 year low of $86.62 and a 1 year high of $212.19. The firm’s 50-day moving average is $182.41 and its 200 day moving average is $184.33. The stock has a market cap of $4.31 trillion, a price-to-earnings ratio of 36.20, a PEG ratio of 0.59 and a beta of 2.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.91 and a quick ratio of 3.24.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. NVIDIA had a net margin of 55.60% and a return on equity of 97.37%. The business had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. During the same period last year, the business earned $0.89 EPS. NVIDIA’s revenue was up 73.2% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 11th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Wednesday, March 11th. NVIDIA’s dividend payout ratio is currently 0.82%.

More NVIDIA News

Here are the key news stories impacting NVIDIA this week:

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 target price on shares of NVIDIA in a report on Tuesday, March 17th. DA Davidson reiterated a “buy” rating and issued a $250.00 price target on shares of NVIDIA in a research note on Monday, February 23rd. Rothschild & Co Redburn lifted their price target on shares of NVIDIA from $245.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of NVIDIA in a research note on Tuesday, March 31st. Finally, BNP Paribas Exane upped their price objective on shares of NVIDIA from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $275.25.

Check Out Our Latest Stock Analysis on NVIDIA

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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