JFG Wealth Management LLC Purchases 4,910 Shares of NVIDIA Co. (NASDAQ:NVDA)

JFG Wealth Management LLC raised its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 44.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,950 shares of the computer hardware maker's stock after buying an additional 4,910 shares during the period. NVIDIA accounts for about 0.5% of JFG Wealth Management LLC's portfolio, making the stock its 19th largest holding. JFG Wealth Management LLC's holdings in NVIDIA were worth $2,142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the fourth quarter valued at $34,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at about $40,000. Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the 4th quarter valued at about $46,000. 1620 Investment Advisors Inc. increased its position in NVIDIA by 145.9% during the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after buying an additional 248 shares during the last quarter. Finally, Gleason Group Inc. raised its stake in NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock valued at $58,000 after buying an additional 148 shares during the period. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on NVDA shares. Morgan Stanley set a $162.00 target price on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Benchmark reissued a "buy" rating and issued a $190.00 price objective on shares of 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. Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $169.89.

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Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of the business'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 transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $22,642,615 over the last quarter. Insiders own 4.23% of the company's stock.

NVIDIA Trading Down 7.5 %

NASDAQ:NVDA traded down $7.66 during trading hours on Friday, hitting $94.14. 318,539,042 shares of the company were exchanged, compared to its average volume of 312,830,535. The stock has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 36.85, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The company has a fifty day simple moving average of $122.16 and a 200 day simple moving average of $131.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

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.