Eagle Bluffs Wealth Management LLC Has $3.47 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Eagle Bluffs Wealth Management LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,998 shares of the computer hardware maker’s stock after acquiring an additional 48 shares during the quarter. NVIDIA comprises 2.4% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 10th biggest position. Eagle Bluffs Wealth Management LLC’s holdings in NVIDIA were worth $3,466,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Retirement Solution Inc. acquired a new position in NVIDIA during the 3rd quarter valued at approximately $202,000. Veery Capital LLC increased its stake in NVIDIA by 28.0% during the 3rd quarter. Veery Capital LLC now owns 700 shares of the computer hardware maker’s stock valued at $304,000 after purchasing an additional 153 shares in the last quarter. Cooper Financial Group increased its stake in NVIDIA by 3.8% during the 3rd quarter. Cooper Financial Group now owns 10,259 shares of the computer hardware maker’s stock valued at $4,462,000 after purchasing an additional 380 shares in the last quarter. Gilman Hill Asset Management LLC increased its stake in NVIDIA by 4.1% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 3,163 shares of the computer hardware maker’s stock valued at $1,376,000 after purchasing an additional 125 shares in the last quarter. Finally, Scharf Investments LLC acquired a new position in NVIDIA during the 3rd quarter valued at approximately $1,511,000. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Piper Sandler Companies upped their price target on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. The Goldman Sachs Group increased their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Sanford C. Bernstein increased their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Morgan Stanley increased their price objective on shares of NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Finally, UBS Group increased their price objective on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Four research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $796.77 on Thursday. The firm has a 50-day simple moving average of $849.38 and a 200-day simple moving average of $631.03. The stock has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 66.73, a price-to-earnings-growth ratio of 1.14 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. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion during 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 company’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. On average, equities analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given 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 payout ratio is currently 1.34%.

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.