PFG Advisors Cuts Position in NVIDIA Co. (NASDAQ:NVDA)

PFG Advisors lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,722 shares of the computer hardware maker’s stock after selling 77 shares during the quarter. PFG Advisors’ holdings in NVIDIA were worth $8,281,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter worth approximately $3,900,874,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of NVIDIA by 160,446.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares during the period. Morgan Stanley boosted its holdings in shares of NVIDIA by 20.2% in the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares during the period. Barclays PLC boosted its holdings in shares of NVIDIA by 55.7% in the 2nd quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after purchasing an additional 2,740,850 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of NVIDIA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after purchasing an additional 2,287,471 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 35,648 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total transaction of $19,354,368.64. Following the sale, the director now owns 1,189,083 shares in the company, valued at approximately $645,588,833.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 35,648 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the sale, the director now owns 1,189,083 shares in the company, valued at $645,588,833.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the sale, the director now owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,352 shares of company stock worth $74,815,227. 3.99% of the stock is currently owned by insiders.

NVIDIA Trading Down 0.5 %

Shares of NASDAQ:NVDA opened at $889.64 on Thursday. 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 business’s 50-day moving average is $790.68 and its 200 day moving average is $585.28. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 74.51, a P/E/G ratio of 1.30 and a beta of 1.73. NVIDIA Co. has a 1 year low of $262.20 and a 1 year high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results 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 business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. On average, research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared 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 of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s payout ratio is presently 1.34%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. CICC Research initiated coverage on NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price for the company. Bank of America boosted their price objective on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Wells Fargo & Company boosted their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Benchmark restated a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Finally, Citigroup boosted their price objective on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $908.68.

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.