5,489 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Donoghue Forlines LLC

Donoghue Forlines LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDAGet Rating) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,489 shares of the computer hardware maker’s stock, valued at approximately $1,614,000.

A number of other hedge funds have also added to or reduced their stakes in NVDA. Piscataqua Savings Bank lifted its stake in shares of NVIDIA by 14.3% in the 4th quarter. Piscataqua Savings Bank now owns 320 shares of the computer hardware maker’s stock valued at $94,000 after purchasing an additional 40 shares during the period. Venture Visionary Partners LLC increased its holdings in NVIDIA by 0.3% in the fourth quarter. Venture Visionary Partners LLC now owns 15,776 shares of the computer hardware maker’s stock valued at $4,639,000 after purchasing an additional 43 shares during the last quarter. Warren Averett Asset Management LLC lifted its stake in NVIDIA by 0.7% in the third quarter. Warren Averett Asset Management LLC now owns 5,997 shares of the computer hardware maker’s stock valued at $1,822,000 after buying an additional 44 shares during the period. Tranquility Partners LLC boosted its holdings in NVIDIA by 1.0% during the fourth quarter. Tranquility Partners LLC now owns 4,384 shares of the computer hardware maker’s stock worth $1,290,000 after buying an additional 44 shares during the last quarter. Finally, Bedel Financial Consulting Inc. grew its position in shares of NVIDIA by 2.3% during the 4th quarter. Bedel Financial Consulting Inc. now owns 1,976 shares of the computer hardware maker’s stock worth $581,000 after buying an additional 45 shares during the period. 55.19% of the stock is owned by institutional investors and hedge funds.

In other NVIDIA news, Director Tench Coxe sold 100,000 shares of NVIDIA stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $274.06, for a total value of $27,406,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jen Hsun Huang sold 292,340 shares of the business’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total value of $69,319,660.80. The disclosure for this sale can be found here. Insiders have sold 409,056 shares of company stock valued at $101,135,342 in the last ninety days. 4.23% of the stock is currently owned by company insiders.

NVDA traded up $9.01 during trading on Tuesday, hitting $181.65. The stock had a trading volume of 1,706,139 shares, compared to its average volume of 60,324,264. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05. The company has a 50 day moving average price of $224.12 and a 200-day moving average price of $257.09. NVIDIA Co. has a one year low of $135.43 and a one year high of $346.47. The firm has a market cap of $529.10 billion, a price-to-earnings ratio of 46.79, a P/E/G ratio of 2.23 and a beta of 1.59.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.13. NVIDIA had a net margin of 36.24% and a return on equity of 42.99%. The business had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.43 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s revenue was up 52.8% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Co. will post 4.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Thursday, March 3rd were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.09%. The ex-dividend date was Wednesday, March 2nd. NVIDIA’s dividend payout ratio (DPR) is presently 4.16%.

NVDA has been the subject of several research analyst reports. Mizuho boosted their price target on shares of NVIDIA from $335.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, February 17th. Rosenblatt Securities reissued a “buy” rating and issued a $400.00 target price on shares of NVIDIA in a research note on Thursday, February 17th. StockNews.com began coverage on NVIDIA in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Cowen reiterated an “outperform” rating and issued a $350.00 price objective on shares of NVIDIA in a research report on Tuesday, March 15th. Finally, Barclays dropped their target price on shares of NVIDIA from $350.00 to $295.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Eight investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $324.82.

About NVIDIA (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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