Steward Partners Investment Advisory LLC Raises Position in NVIDIA Co. (NASDAQ:NVDA)

Steward Partners Investment Advisory LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,393,949 shares of the computer hardware maker's stock after buying an additional 34,867 shares during the period. NVIDIA accounts for approximately 2.9% of Steward Partners Investment Advisory LLC's portfolio, making the stock its 3rd largest holding. Steward Partners Investment Advisory LLC's holdings in NVIDIA were worth $321,484,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Unified Investment Management bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $2,004,000. Bravias Capital Group LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $3,007,000. Wernau Asset Management Inc. bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $582,000. Meridian Wealth Management LLC boosted its holdings in NVIDIA by 1.5% in the fourth quarter. Meridian Wealth Management LLC now owns 807,631 shares of the computer hardware maker's stock valued at $108,457,000 after acquiring an additional 12,179 shares in the last quarter. Finally, Detalus Advisors LLC raised its holdings in NVIDIA by 13.6% in the 4th quarter. Detalus Advisors LLC now owns 13,083 shares of the computer hardware maker's stock worth $1,757,000 after purchasing an additional 1,569 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

NVDA traded up $3.36 during midday trading on Friday, reaching $110.93. The company had a trading volume of 312,748,883 shares, compared to its average volume of 314,751,968. The business has a 50-day moving average of $118.95 and a two-hundred day moving average of $130.36. 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 Co. has a 1 year low of $75.61 and a 1 year high of $195.95. The company has a market cap of $2.71 trillion, a P/E ratio of 43.66, a P/E/G ratio of 1.76 and a beta of 1.96.

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

NVIDIA Announces Dividend

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

Insider Buying and Selling

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA 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 sale, the chief financial officer now 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 can be accessed through this link. Also, 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 value of $292,930.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial upped their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Susquehanna restated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Wedbush reiterated an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Finally, HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. Six research 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 company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.39.

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.