Certuity LLC Has $35.59 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Certuity LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 264,441 shares of the computer hardware maker's stock after purchasing an additional 28,539 shares during the period. NVIDIA makes up 3.9% of Certuity LLC's investment portfolio, making the stock its 5th biggest holding. Certuity LLC's holdings in NVIDIA were worth $35,594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NVDA. AMF Tjanstepension AB lifted its stake in shares of NVIDIA by 2.2% during the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after buying an additional 169,445 shares in the last quarter. Wealth Group Ltd. lifted its stake in shares of NVIDIA by 5.0% during the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after buying an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. lifted its stake in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Total Wealth Planning LLC lifted its stake in NVIDIA by 3.6% in the 3rd quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker's stock worth $276,000 after purchasing an additional 78 shares in the last quarter. Finally, McNamara Financial Services Inc. purchased a new stake in NVIDIA in the 3rd quarter worth approximately $2,004,000. Institutional investors and hedge funds own 65.27% of the company's stock.

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Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,039,125 shares of company stock valued at $137,062,338. Insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NVDA shares. Truist Financial increased their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Stifel Nicolaus increased their target price on shares of NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a research note on Monday, February 24th. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Finally, Morgan Stanley restated an "overweight" rating and set a $162.00 price objective (up previously from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $171.51.

NVIDIA Stock Up 5.3 %

NASDAQ NVDA traded up $6.09 during trading hours on Friday, reaching $121.67. 276,579,395 shares of the company's stock traded hands, compared to its average volume of 321,405,241. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The firm has a market cap of $2.97 trillion, a PE ratio of 47.88, a PEG ratio of 1.76 and a beta of 1.77. The firm has a 50-day simple moving average of $129.26 and a 200 day simple moving average of $131.19. 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 - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) 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.