Community Financial Services Group LLC Purchases 2,802 Shares of NVIDIA Co. (NASDAQ:NVDA)

Community Financial Services Group LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 139,773 shares of the computer hardware maker's stock after buying an additional 2,802 shares during the period. NVIDIA comprises 3.7% of Community Financial Services Group LLC's holdings, making the stock its 5th largest position. Community Financial Services Group LLC's holdings in NVIDIA were worth $18,770,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in NVIDIA during the 4th quarter worth about $34,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the 4th quarter worth about $40,000. DHJJ Financial Advisors Ltd. increased its holdings in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after purchasing an additional 140 shares in the last quarter. Lowe Wealth Advisors LLC bought a new position in NVIDIA during the 4th quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. increased its holdings in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after purchasing an additional 248 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVDA. TD Cowen upped their target price on NVIDIA from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. DA Davidson reissued a "neutral" rating and issued a $135.00 target price on shares of NVIDIA in a research note on Thursday, February 27th. Benchmark reaffirmed a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price objective 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. Finally, Robert W. Baird raised their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $6.09 during midday trading on Friday, reaching $121.67. 276,579,395 shares of the company were exchanged, compared to its average volume of 321,405,241. The stock's 50-day moving average price is $129.26 and its 200-day moving average price is $131.19. The stock has a market cap of $2.97 trillion, a P/E ratio of 47.88, 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 has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for 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%. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,039,125 shares of company stock valued at $137,062,338 over the last 90 days. 4.23% of the stock is owned by insiders.

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.