Whipplewood Advisors LLC Purchases New Stake in NVIDIA Co. (NASDAQ:NVDA)

Whipplewood Advisors LLC acquired a new stake in NVIDIA Co. (NASDAQ:NVDA) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 21,026 shares of the computer hardware maker’s stock, valued at approximately $2,824,000. NVIDIA accounts for about 1.6% of Whipplewood Advisors LLC’s portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also recently bought and sold shares of the company. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the 4th quarter valued at $34,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the fourth quarter valued at about $40,000. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the fourth quarter worth about $46,000. 1620 Investment Advisors Inc. boosted its holdings in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after buying an additional 248 shares during the period. Finally, Gleason Group Inc. increased its position in shares of NVIDIA by 52.9% during the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock worth $58,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Up 0.2 %

Shares of NASDAQ NVDA opened at $110.42 on Thursday. The business has a 50-day moving average of $123.07 and a two-hundred day moving average of $131.32. The company has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.46, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last posted its 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. The firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of recent research reports. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. DA Davidson reduced their target price on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. Susquehanna reissued a “positive” rating and set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays raised their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Finally, William Blair reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.51.

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.