NVIDIA Co. (NASDAQ:NVDA) Holdings Lifted by RPS Advisory Solutions LLC

RPS Advisory Solutions LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,599 shares of the computer hardware maker’s stock after purchasing an additional 3,282 shares during the period. NVIDIA accounts for about 4.1% of RPS Advisory Solutions LLC’s holdings, making the stock its 3rd largest holding. RPS Advisory Solutions LLC’s holdings in NVIDIA were worth $6,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Prakash Investment Advisors LLC bought a new position in NVIDIA in the 4th quarter worth $15,679,000. O Brien Greene & Co. Inc increased its position in shares of NVIDIA by 27.6% during the fourth quarter. O Brien Greene & Co. Inc now owns 5,971 shares of the computer hardware maker’s stock valued at $802,000 after buying an additional 1,291 shares during the period. Aspect Partners LLC raised its stake in NVIDIA by 10.1% in the fourth quarter. Aspect Partners LLC now owns 3,398 shares of the computer hardware maker’s stock worth $456,000 after buying an additional 311 shares in the last quarter. Morningstar Investment Management LLC lifted its holdings in NVIDIA by 14.3% in the fourth quarter. Morningstar Investment Management LLC now owns 158,904 shares of the computer hardware maker’s stock worth $21,339,000 after buying an additional 19,928 shares during the period. Finally, Able Wealth Management LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $321,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of research analyst reports. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Susquehanna restated a “positive” rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Truist Financial lifted their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.51.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock worth $22,642,615 over the last quarter. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NASDAQ NVDA opened at $113.76 on Thursday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.78 trillion, a P/E ratio of 44.77, a PEG ratio of 1.76 and a beta of 1.77. The company has a 50-day moving average price of $126.01 and a 200-day moving average price of $131.46. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

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.