SYM FINANCIAL Corp Increases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

SYM FINANCIAL Corp lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 45.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,558 shares of the computer hardware maker’s stock after purchasing an additional 487 shares during the period. SYM FINANCIAL Corp’s holdings in NVIDIA were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. NTV Asset Management LLC lifted its position in shares of NVIDIA by 2.1% in the fourth quarter. NTV Asset Management LLC now owns 12,374 shares of the computer hardware maker’s stock valued at $6,128,000 after acquiring an additional 255 shares in the last quarter. Connecticut Wealth Management LLC grew its holdings in shares of NVIDIA by 43.2% during the fourth quarter. Connecticut Wealth Management LLC now owns 9,823 shares of the computer hardware maker’s stock worth $4,865,000 after buying an additional 2,965 shares in the last quarter. Avalon Trust Co raised its position in shares of NVIDIA by 7.9% in the fourth quarter. Avalon Trust Co now owns 848 shares of the computer hardware maker’s stock valued at $420,000 after buying an additional 62 shares during the last quarter. Ellerson Group Inc. ADV lifted its stake in shares of NVIDIA by 0.7% in the fourth quarter. Ellerson Group Inc. ADV now owns 20,160 shares of the computer hardware maker’s stock worth $9,984,000 after buying an additional 145 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC boosted its position in NVIDIA by 2.0% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 3,566 shares of the computer hardware maker’s stock worth $1,766,000 after acquiring an additional 70 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 0.6 %

Shares of NVIDIA stock opened at $903.99 on Tuesday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $878.36 and a 200-day simple moving average of $669.24. The stock has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.71, a PEG ratio of 1.29 and a beta of 1.75. NVIDIA Co. has a 12-month low of $281.52 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. On average, equities analysts forecast that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA 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 directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA 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 approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Oppenheimer raised their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 target price on shares of NVIDIA in a research note on Thursday, April 4th. The Goldman Sachs Group boosted their price target on shares of NVIDIA from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. TD Cowen raised their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Bank of America boosted their target price on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $962.05.

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.