Lodestar Private Asset Management LLC Acquires 17 Shares of NVIDIA Co. (NASDAQ:NVDA)

Lodestar Private Asset Management LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,652 shares of the computer hardware maker’s stock after buying an additional 17 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in NVIDIA were worth $818,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the 4th quarter worth about $28,000. Peoples Financial Services CORP. bought a new stake in NVIDIA during the 3rd quarter worth about $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA during the 3rd quarter worth about $30,000. Quarry LP bought a new stake in NVIDIA during the 1st quarter worth about $34,000. Finally, Compass Wealth Management LLC bought a new stake in NVIDIA during the 4th quarter worth about $39,000. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last quarter. 3.99% of the stock is currently owned by insiders.

NVIDIA Trading Down 10.0 %

Shares of NVIDIA stock opened at $762.00 on Friday. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The stock has a market cap of $1.91 trillion, a P/E ratio of 63.82, a P/E/G ratio of 1.22 and a beta of 1.73. 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 business’s 50 day moving average is $844.71 and its 200-day moving average is $623.54.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations 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. Equities research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. HSBC boosted their target price on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. TD Cowen boosted their target price on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. UBS Group boosted their target price on NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Bank of America boosted their target price on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Tigress Financial boosted their target price on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Four 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

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.