NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Israel Discount Bank of New York

Israel Discount Bank of New York grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 20.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,074 shares of the computer hardware maker’s stock after acquiring an additional 522 shares during the period. NVIDIA comprises about 1.2% of Israel Discount Bank of New York’s portfolio, making the stock its 19th largest holding. Israel Discount Bank of New York’s holdings in NVIDIA were worth $1,522,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of NVDA. Cavalier Investments LLC boosted its position in NVIDIA by 10.3% during the 3rd quarter. Cavalier Investments LLC now owns 7,963 shares of the computer hardware maker’s stock worth $3,464,000 after acquiring an additional 743 shares during the period. FAS Wealth Partners Inc. boosted its holdings in shares of NVIDIA by 6.9% during the third quarter. FAS Wealth Partners Inc. now owns 12,599 shares of the computer hardware maker’s stock worth $5,480,000 after purchasing an additional 812 shares during the period. Mcdaniel Terry & Co. grew its position in NVIDIA by 1.4% during the third quarter. Mcdaniel Terry & Co. now owns 2,945 shares of the computer hardware maker’s stock valued at $1,281,000 after purchasing an additional 41 shares in the last quarter. Sheets Smith Wealth Management lifted its position in NVIDIA by 0.4% in the 3rd quarter. Sheets Smith Wealth Management now owns 8,642 shares of the computer hardware maker’s stock worth $3,759,000 after buying an additional 34 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA boosted its stake in shares of NVIDIA by 0.9% during the 3rd quarter. Lederer & Associates Investment Counsel CA now owns 8,291 shares of the computer hardware maker’s stock valued at $3,607,000 after buying an additional 78 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now 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.

NVIDIA Stock Down 1.7 %

Shares of NASDAQ:NVDA opened at $905.54 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company has a market capitalization of $2.26 trillion, a PE ratio of 75.84, a P/E/G ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a 52 week low of $280.46 and a 52 week high of $974.00. The company’s fifty day moving average is $872.36 and its 200-day moving average is $659.34.

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

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NVDA shares. Wells Fargo & Company upped their price target on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. UBS Group lifted their price objective on shares of NVIDIA from $1,100.00 to $1,150.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Truist Financial upped their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. TD Cowen upped their target price on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Finally, Jefferies Financial Group lifted their price target on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $944.05.

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.