Cooper Financial Group lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 16.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,994 shares of the computer hardware maker’s stock after buying an additional 1,735 shares during the period. NVIDIA comprises about 1.1% of Cooper Financial Group’s portfolio, making the stock its 19th biggest holding. Cooper Financial Group’s holdings in NVIDIA were worth $5,940,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of NVDA. Peoples Financial Services CORP. acquired a new position in NVIDIA in the 3rd quarter worth about $30,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA in the 3rd quarter worth about $30,000. Quarry LP acquired a new position in NVIDIA in the 1st quarter worth about $34,000. Compass Wealth Management LLC acquired a new position in NVIDIA in the 4th quarter worth about $39,000. Finally, Trivant Custom Portfolio Group LLC increased its holdings in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
Insider Buying and Selling
In related news, Director Mark A. Stevens sold 12,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares in the company, valued at $945,366,393.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the completion of the sale, the director now owns 1,107,583 shares of the company’s stock, valued at $945,366,393.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the sale, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Insiders sold a total of 104,774 shares of company stock worth $64,322,528 over the last ninety days. 3.99% of the stock is owned by corporate insiders.
NVIDIA Price Performance
Shares of NASDAQ NVDA opened at $950.02 on Tuesday. The stock has a market cap of $2.38 trillion, a PE ratio of 79.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $258.50 and a fifty-two week high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The stock has a fifty day moving average of $743.67 and a 200-day moving average of $562.64.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was up 265.3% on a year-over-year basis. Equities research analysts anticipate that NVIDIA Co. will post 22.4 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend is Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on NVDA. Loop Capital began coverage on NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 target price for the company. HSBC increased their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Piper Sandler increased their price target on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. UBS Group increased their price target on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday. Finally, Argus raised their target price on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued 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 target price of $908.68.
Check Out Our Latest Stock Analysis on NVDA
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.
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