Rockline Wealth Management LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Rockline Wealth Management LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDAFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,829 shares of the computer hardware maker’s stock, valued at approximately $19,229,000. NVIDIA accounts for 8.0% of Rockline Wealth Management LLC’s holdings, making the stock its 2nd largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Peoples Financial Services CORP. purchased a new position in shares of NVIDIA during the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP purchased a new position in shares of NVIDIA during the third quarter valued at approximately $30,000. Quarry LP purchased a new position in shares of NVIDIA during the first quarter valued at approximately $34,000. Compass Wealth Management LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $39,000. Finally, Trivant Custom Portfolio Group LLC lifted its holdings in shares of NVIDIA by 44.1% during the third 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Piper Sandler Companies raised their price target on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Raymond James raised their price target on shares of NVIDIA from $600.00 to $700.00 and gave the company a “strong-buy” rating in a research report on Friday, January 19th. Argus raised their price target on shares of NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $908.68.

Read Our Latest Stock Analysis on NVIDIA

Insiders Place Their Bets

In other news, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the sale, the executive vice president now directly owns 48,360 shares in the company, valued at approximately $24,180,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the sale, the executive vice president now directly owns 48,360 shares in the company, valued at approximately $24,180,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the sale, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The disclosure for this sale can be found here. Insiders have sold a total of 104,774 shares of company stock worth $64,322,528 in the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 3.1 %

Shares of NVDA stock opened at $942.89 on Friday. The stock has a market cap of $2.36 trillion, a P/E ratio of 78.97, a PEG ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a 52 week low of $258.50 and a 52 week high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $743.67 and its two-hundred day simple moving average is $561.46.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. Analysts predict that NVIDIA Co. will post 22.4 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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