Contravisory Investment Management Inc. Has $431,000 Position in NVIDIA Co. (NASDAQ:NVDA)

Contravisory Investment Management Inc. grew its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 1,640.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 870 shares of the computer hardware maker’s stock after buying an additional 820 shares during the quarter. Contravisory Investment Management Inc.’s holdings in NVIDIA were worth $431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Peoples Financial Services CORP. bought a new stake in shares of NVIDIA during the 3rd quarter valued at approximately $30,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the 3rd quarter valued at approximately $30,000. Quarry LP bought a new stake in shares of NVIDIA during the 1st quarter valued at approximately $34,000. Compass Wealth Management LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at approximately $39,000. Finally, Trivant Custom Portfolio Group LLC grew its holdings 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 purchasing an additional 30 shares during the last quarter. 64.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. The Goldman Sachs Group lifted their price target on shares of NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group boosted their target price on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley boosted their target price on shares of NVIDIA from $750.00 to $795.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and set a $910.00 target price on shares of NVIDIA in a report on Wednesday. Finally, Raymond James boosted their target price on shares of NVIDIA from $600.00 to $700.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $908.68.

Read Our Latest Stock Report on NVDA

NVIDIA Stock Performance

NASDAQ NVDA opened at $942.89 on Friday. NVIDIA Co. has a 1 year low of $258.50 and a 1 year high of $974.00. 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 cap of $2.36 trillion, a price-to-earnings ratio of 78.97, a PEG ratio of 1.32 and a beta of 1.73. The company has a fifty day moving average price of $735.75 and a 200-day moving average price of $558.28.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 265.3% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Co. will post 22.4 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is 1.34%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 12,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now owns 1,107,583 shares in the company, valued at $945,366,393.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Debora Shoquist sold 5,676 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the transaction, the executive vice president now owns 48,360 shares of the company’s stock, valued at approximately $24,180,000. The disclosure for this sale can be found here. Insiders sold a total of 104,774 shares of company stock worth $64,322,528 in the last quarter. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.