Foster & Motley Inc. Buys Shares of 662 NVIDIA Co. (NASDAQ:NVDA)

Foster & Motley Inc. bought a new stake in NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 662 shares of the computer hardware maker’s stock, valued at approximately $328,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Criterion Capital Advisors LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA in the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC raised its position in shares of NVIDIA by 44.1% in 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 period. Finally, O Brien Wealth Partners LLC raised its position in shares of NVIDIA by 139.5% in the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, 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 accessible through the SEC website. In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares in the company, valued at approximately $945,366,393.82. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last three months. 3.99% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVDA opened at $830.41 on Thursday. The firm has a market cap of $2.08 trillion, a P/E ratio of 69.55, a PEG ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 1-year low of $272.40 and a 1-year high of $974.00. The company has a 50 day simple moving average of $863.93 and a two-hundred day simple moving average of $644.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

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, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Equities analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVDA. CICC Research began coverage on shares of NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price on the stock. Wolfe Research increased their price target on shares of NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price target on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. Finally, HSBC increased their price target on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $941.55.

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.