NVIDIA Co. (NASDAQ:NVDA) is TFB Advisors LLC's 4th Largest Position

TFB Advisors LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,242 shares of the computer hardware maker's stock after buying an additional 2,636 shares during the period. NVIDIA accounts for 3.0% of TFB Advisors LLC's investment portfolio, making the stock its 4th biggest position. TFB Advisors LLC's holdings in NVIDIA were worth $10,507,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Advisors Inc. OK grew its position in shares of NVIDIA by 1.0% in the fourth quarter. Capital Advisors Inc. OK now owns 1,139,347 shares of the computer hardware maker's stock valued at $153,003,000 after purchasing an additional 10,997 shares during the period. Certuity LLC grew its position in shares of NVIDIA by 12.1% in the fourth quarter. Certuity LLC now owns 264,441 shares of the computer hardware maker's stock valued at $35,594,000 after purchasing an additional 28,539 shares during the period. Community Financial Services Group LLC grew its position in shares of NVIDIA by 2.0% in the fourth quarter. Community Financial Services Group LLC now owns 139,773 shares of the computer hardware maker's stock valued at $18,770,000 after purchasing an additional 2,802 shares during the period. Sage Private Wealth Group LLC grew its position in shares of NVIDIA by 538.7% in the fourth quarter. Sage Private Wealth Group LLC now owns 26,154 shares of the computer hardware maker's stock valued at $3,512,000 after purchasing an additional 22,059 shares during the period. Finally, Sonata Capital Group Inc. grew its position in shares of NVIDIA by 1.4% in the fourth quarter. Sonata Capital Group Inc. now owns 7,012 shares of the computer hardware maker's stock valued at $942,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NVDA shares. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Wedbush reiterated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Evercore ISI lifted their target price on NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Loop Capital reiterated a "buy" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Finally, HSBC reduced their target price on NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.

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Insider Activity at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction 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. This represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following 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. Insiders sold a total of 1,039,125 shares of company stock valued at $137,062,338 over the last three months. 4.23% of the stock is owned by insiders.

NVIDIA Stock Up 5.3 %

Shares of NVIDIA stock opened at $121.67 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.97 trillion, a P/E ratio of 47.88, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. The business has a 50-day moving average price of $129.26 and a 200 day moving average price of $131.17.

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

NVIDIA Dividend Announcement

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

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