Flagship Wealth Advisors LLC Invests $5.04 Million in NVIDIA Co. (NASDAQ:NVDA)

Flagship Wealth Advisors LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 37,533 shares of the computer hardware maker's stock, valued at approximately $5,040,000. NVIDIA makes up about 3.0% of Flagship Wealth Advisors LLC's investment portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Terra Alpha Investments LLC bought a new position in shares of NVIDIA during the fourth quarter worth $6,040,000. Kimelman & Baird LLC boosted its holdings in shares of NVIDIA by 3.7% during the 4th quarter. Kimelman & Baird LLC now owns 53,333 shares of the computer hardware maker's stock valued at $7,162,000 after purchasing an additional 1,910 shares during the last quarter. Curio Wealth LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at about $125,000. Cassady Schiller Wealth Management LLC lifted its position in shares of NVIDIA by 20.9% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 6,904 shares of the computer hardware maker's stock worth $927,000 after buying an additional 1,192 shares in the last quarter. Finally, Clearwater Capital Advisors LLC boosted its stake in NVIDIA by 3.6% during the fourth quarter. Clearwater Capital Advisors LLC now owns 17,698 shares of the computer hardware maker's stock valued at $2,377,000 after buying an additional 615 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVDA stock opened at $96.91 on Tuesday. The firm has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 38.14, a PEG ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock's 50-day simple moving average is $115.87 and its 200-day simple moving average is $129.71. NVIDIA Co. has a fifty-two week low of $76.40 and a fifty-two week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $39.33 billion during 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%. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. DA Davidson reduced their target price on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. UBS Group decreased their price objective on NVIDIA from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $165.51.

NVIDIA 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.

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