Waldron Private Wealth LLC Purchases 502 Shares of NVIDIA Co. (NASDAQ:NVDA)

Waldron Private Wealth LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,236 shares of the computer hardware maker’s stock after acquiring an additional 502 shares during the quarter. Waldron Private Wealth LLC’s holdings in NVIDIA were worth $10,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bear Mountain Capital Inc. bought a new stake in NVIDIA in the fourth quarter worth $618,000. Market Street Wealth Management Advisors LLC lifted its position in NVIDIA by 29.2% in the fourth quarter. Market Street Wealth Management Advisors LLC now owns 628 shares of the computer hardware maker’s stock worth $311,000 after buying an additional 142 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in NVIDIA by 27.2% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 11,805 shares of the computer hardware maker’s stock worth $5,846,000 after buying an additional 2,527 shares during the last quarter. PCG Wealth Advisors LLC lifted its position in NVIDIA by 6.9% in the fourth quarter. PCG Wealth Advisors LLC now owns 1,124 shares of the computer hardware maker’s stock worth $557,000 after buying an additional 73 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC lifted its position in NVIDIA by 0.3% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 12,521 shares of the computer hardware maker’s stock worth $6,201,000 after buying an additional 36 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 4.4 %

NVIDIA stock opened at $795.18 on Tuesday. The stock has a market capitalization of $1.99 trillion, a PE ratio of 66.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00. The business has a 50 day simple moving average of $846.17 and a 200-day simple moving average of $627.28. 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 issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS 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 during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. On average, analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NVDA shares. TD Cowen raised their price target on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Oppenheimer lifted their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Needham & Company LLC lifted their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. DA Davidson lifted their target price on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group raised their price target on NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. 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 company. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value 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 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. 3.99% of the stock is owned by corporate insiders.

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.