NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,671 shares of the computer hardware maker’s stock after purchasing an additional 1,855 shares during the quarter. NVIDIA makes up about 1.0% of Quadrant Capital Group LLC’s holdings, making the stock its 15th largest position. Quadrant Capital Group LLC’s holdings in NVIDIA were worth $12,218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Criterion Capital Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the third quarter valued at approximately $30,000. Trivant Custom Portfolio Group LLC raised its stake in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC lifted 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 purchasing an additional 53 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 0.5 %

Shares of NVDA opened at $949.50 on Thursday. The firm has a market capitalization of $2.34 trillion, a P/E ratio of 79.52, a price-to-earnings-growth ratio of 1.33 and a beta of 1.75. 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 stock’s fifty day simple moving average is $886.29 and its 200 day simple moving average is $696.36. NVIDIA Co. has a twelve month low of $298.06 and a twelve month high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, May 22nd. The computer hardware maker reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.14 by $0.98. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $26.04 billion during the quarter, compared to analysts’ expectations of $24.59 billion. During the same quarter in the previous year, the business earned $0.88 EPS. The company’s revenue for the quarter was up 262.1% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Co. will post 23.18 earnings per share for the current year.

NVIDIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be issued a dividend of $0.10 per share. This is a positive change from NVIDIA’s previous quarterly dividend of $0.04. This represents a $0.40 annualized dividend and a dividend yield of 0.04%. NVIDIA’s payout ratio is presently 1.34%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Piper Sandler Companies raised their target price on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Evercore ISI initiated coverage on shares of NVIDIA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective for the company. Argus boosted their target price on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. DA Davidson raised their price target on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Needham & Company LLC upped their price objective on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,002.18.

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.