Lantz Financial LLC Acquires 123 Shares of NVIDIA Co. (NASDAQ:NVDA)

Lantz Financial LLC Acquires 123 Shares of NVIDIA Co. (NASDAQ:NVDA)


Lantz Financial LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 2.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,716 shares of the computer hardware maker’s stock after purchasing an additional 123 shares during the quarter. NVIDIA comprises 0.8% of Lantz Financial LLC’s portfolio, making the stock its 23rd biggest holding. Lantz Financial LLC’s holdings in NVIDIA were worth $2,335,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NVDA. Norges Bank bought a new stake in shares of NVIDIA in the fourth quarter worth about $3,900,874,000. Moneta Group Investment Advisors LLC grew its stake in shares of NVIDIA by 160,446.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after purchasing an additional 19,574,443 shares during the last quarter. Morgan Stanley grew its stake in shares of NVIDIA by 20.2% in the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares during the last quarter. Barclays PLC grew its stake in shares of NVIDIA by 55.7% in the second quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after purchasing an additional 2,740,850 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of NVIDIA by 1.1% in the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after purchasing an additional 2,287,471 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 12,000 shares of the 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 in the company, valued at $945,366,393.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $945,366,393.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Debora Shoquist sold 5,676 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the transaction, the executive vice president now directly owns 48,360 shares of the company’s stock, valued at $24,180,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,774 shares of company stock worth $64,322,528. 3.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NVDA. Tigress Financial raised their target price on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Wells Fargo & Company raised their price objective on shares of NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Mizuho raised their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Jefferies Financial Group raised their price objective on shares of NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Bank of America raised their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $908.68.

Read Our Latest Research Report on NVIDIA

NVIDIA Stock Performance

Shares of NVDA opened at $942.89 on Monday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $743.67 and a two-hundred day simple moving average of $562.64. The stock has a market cap of $2.36 trillion, a price-to-earnings ratio of 78.97, a PEG ratio of 1.36 and a beta of 1.73. NVIDIA Co. has a 52 week low of $258.50 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (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 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 posted $0.65 earnings per share. The firm’s revenue was up 265.3% on a year-over-year basis. On average, analysts expect that NVIDIA Co. will post 22.4 EPS for the current year.

NVIDIA Dividend Announcement

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 dividend yield of 0.02%. The ex-dividend date is Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

NVIDIA Company 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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