Vantage Investment Partners LLC Purchases 5,242 Shares of NVIDIA Co. (NASDAQ:NVDA)

Vantage Investment Partners LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 34.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,624 shares of the computer hardware maker’s stock after buying an additional 5,242 shares during the period. Vantage Investment Partners LLC’s holdings in NVIDIA were worth $10,213,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA bought a new position in NVIDIA in the fourth quarter valued at approximately $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the third quarter worth $30,000. O Brien Wealth Partners LLC raised its holdings in shares of NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the period. Trivant Custom Portfolio Group LLC lifted its position in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Beacon Capital Management Inc. acquired a new position in NVIDIA in the 4th quarter worth $50,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $877.35 on Monday. The firm has a market cap of $2.19 trillion, a P/E ratio of 73.48, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The business’s 50 day moving average is $854.40 and its 200-day moving average is $637.76. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 1-year low of $266.25 and a 1-year high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the business earned $0.65 EPS. The company’s quarterly revenue was up 265.3% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the 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 sale, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were 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 $45,412,350.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock worth $52,689,898 in the last 90 days. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Truist Financial lifted their target price on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Oppenheimer boosted their target price on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Citigroup raised their price target on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, The Goldman Sachs Group boosted their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

About NVIDIA

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.