Visionary Horizons LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Visionary Horizons LLC acquired a new position in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 794 shares of the computer hardware maker’s stock, valued at approximately $393,000.

Other institutional investors have also added to or reduced their stakes in the company. Aprio Wealth Management LLC lifted its stake in NVIDIA by 1.8% during the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after acquiring an additional 19 shares during the period. Palumbo Wealth Management LLC lifted its stake in NVIDIA by 0.7% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock valued at $1,395,000 after acquiring an additional 19 shares during the period. North Star Investment Management Corp. lifted its stake in NVIDIA by 0.3% during the 4th quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock valued at $3,463,000 after acquiring an additional 20 shares during the period. LS Investment Advisors LLC lifted its stake in NVIDIA by 1.0% during the 4th quarter. LS Investment Advisors LLC now owns 2,120 shares of the computer hardware maker’s stock valued at $1,050,000 after acquiring an additional 20 shares during the period. Finally, Waypoint Capital Advisors LLC lifted its stake in NVIDIA by 0.4% during the 4th quarter. Waypoint Capital Advisors LLC now owns 4,912 shares of the computer hardware maker’s stock valued at $2,433,000 after acquiring an additional 20 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NVDA has been the topic of several research analyst reports. CICC Research initiated coverage on shares of NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 target price on the stock. Sanford C. Bernstein upped their target price on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Piper Sandler Companies increased their price objective on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Wells Fargo & Company increased their price objective 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. Finally, Craig Hallum increased their price objective on shares of NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus target price of $911.18.

Insider Activity

In other news, Director Mark A. Stevens sold 36,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the sale, the director now directly owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,278 shares of company stock valued at $72,380,098. 3.99% of the stock is currently owned by company insiders.

NVIDIA Trading Down 2.0 %

Shares of NVDA opened at $853.54 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. NVIDIA Co. has a fifty-two week low of $262.20 and a fifty-two week high of $974.00. The stock has a market capitalization of $2.13 trillion, a PE ratio of 71.49, a P/E/G ratio of 1.27 and a beta of 1.73. The company’s fifty day moving average is $815.91 and its 200 day moving average is $600.98.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business’s revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share. Sell-side analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

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.