NVIDIA Co. (NASDAQ:NVDA) is Synergy Financial Group LTD's 2nd Largest Position

Synergy Financial Group LTD lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,103 shares of the computer hardware maker's stock after selling 4,470 shares during the quarter. NVIDIA accounts for approximately 7.2% of Synergy Financial Group LTD's investment portfolio, making the stock its 2nd biggest holding. Synergy Financial Group LTD's holdings in NVIDIA were worth $8,608,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. increased its position in NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after buying an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at $46,000. Finally, 1620 Investment Advisors Inc. lifted its position in shares of NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after buying an additional 248 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Truist Financial boosted 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. Finally, DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $171.51.

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Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were 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 $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock worth $22,642,615 over the last quarter. 4.23% of the stock is currently owned by insiders.

NVIDIA Stock Up 1.6 %

Shares of NASDAQ NVDA traded up $1.77 during trading on Tuesday, reaching $110.15. The company had a trading volume of 221,470,191 shares, compared to its average volume of 313,731,974. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. 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 business's 50-day moving average is $124.42 and its 200 day moving average is $131.53. The stock has a market cap of $2.69 trillion, a PE ratio of 43.35, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The company 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%. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio is 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.