Cresta Advisors Ltd. Bolsters Stake in Technology Giant NVIDIA Co. (NASDAQ:NVDA)

Cresta Advisors Ltd. Bolsters Stake in Technology Giant NVIDIA Co. (NASDAQ:NVDA)


Cresta Advisors Ltd. lifted its stake in NVIDIA Co. (NASDAQ:NVDAFree Report) by 23.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,783 shares of the computer hardware maker’s stock after purchasing an additional 533 shares during the quarter. NVIDIA accounts for 0.9% of Cresta Advisors Ltd.’s portfolio, making the stock its 24th largest position. Cresta Advisors Ltd.’s holdings in NVIDIA were worth $1,378,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Peoples Financial Services CORP. acquired a new position in shares of NVIDIA in the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new stake in NVIDIA during the 3rd quarter worth approximately $30,000. Trivant Custom Portfolio Group LLC lifted its holdings in NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares in the last quarter. Beacon Capital Management Inc. acquired a new stake in NVIDIA during the 4th quarter worth approximately $50,000. Finally, Valued Wealth Advisors LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $52,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $484.62, for a total transaction of $218,079.00. Following the completion of the sale, the insider now directly owns 50,961 shares in the company, valued at $24,696,719.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $218,079.00. Following the sale, the insider now owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 105,352 shares of company stock worth $64,853,077. Insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. KeyCorp reiterated an “overweight” rating and set a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Piper Sandler Companies increased their target price on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Susquehanna increased their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock a “positive” rating in a report on Tuesday, March 19th. Benchmark restated a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. Finally, Sanford C. Bernstein raised their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Read Our Latest Research Report on NVDA

NVIDIA Stock Up 0.1 %

Shares of NASDAQ NVDA opened at $903.56 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 52 week low of $262.20 and a 52 week high of $974.00. The firm has a 50-day moving average price of $772.45 and a 200 day moving average price of $574.01. The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 75.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% compared to the same quarter last year. Equities research analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

NVIDIA Profile

(Free Report)

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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