Crewe Advisors LLC Makes New Investment in NVIDIA Co. (NASDAQ:NVDA)

Crewe Advisors LLC purchased a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 197,453 shares of the computer hardware maker's stock, valued at approximately $26,516,000. NVIDIA comprises approximately 3.7% of Crewe Advisors LLC's holdings, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Barton Investment Management grew its holdings in NVIDIA by 7.1% in the 4th quarter. Barton Investment Management now owns 4,819 shares of the computer hardware maker's stock worth $647,000 after buying an additional 319 shares in the last quarter. LCM Capital Management Inc grew its holdings in NVIDIA by 3.0% in the 4th quarter. LCM Capital Management Inc now owns 65,084 shares of the computer hardware maker's stock worth $8,740,000 after buying an additional 1,914 shares in the last quarter. Syntegra Private Wealth Group LLC grew its holdings in NVIDIA by 5.9% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 25,553 shares of the computer hardware maker's stock worth $3,431,000 after buying an additional 1,430 shares in the last quarter. Private Management Group Inc. lifted its position in NVIDIA by 43.4% in the fourth quarter. Private Management Group Inc. now owns 13,384 shares of the computer hardware maker's stock worth $1,797,000 after purchasing an additional 4,053 shares during the period. Finally, Foguth Wealth Management LLC. lifted its position in NVIDIA by 39.6% in the fourth quarter. Foguth Wealth Management LLC. now owns 7,877 shares of the computer hardware maker's stock worth $1,123,000 after purchasing an additional 2,233 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Trading Up 1.1 %

NVIDIA stock opened at $117.30 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 46.16, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13. The company's fifty day moving average price is $132.73 and its two-hundred day moving average price is $131.90.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Insider Activity

In other news, CFO Colette Kress sold 66,670 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird upped their target price on NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Truist Financial upped their target price on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Melius Research upped their target price on NVIDIA from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Morgan Stanley restated an "overweight" rating and issued a $162.00 target price (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Redburn Atlantic initiated coverage on NVIDIA in a research report on Tuesday, November 12th. They set a "buy" rating and a $178.00 price objective for the company. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $169.62.

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.

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