NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Signet Financial Management LLC

Signet Financial Management LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 27.0% during the fourth quarter, Holdings Channel reports. The firm owned 23,742 shares of the computer hardware maker’s stock after acquiring an additional 5,048 shares during the period. Signet Financial Management LLC’s holdings in NVIDIA were worth $3,188,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. PFW Advisors LLC acquired a new position in shares of NVIDIA during the 4th quarter worth about $3,354,000. Miracle Mile Advisors LLC increased its position in shares of NVIDIA by 27.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 503,974 shares of the computer hardware maker’s stock worth $67,679,000 after acquiring an additional 109,811 shares during the period. Conrad Siegel Investment Advisors Inc. raised its stake in shares of NVIDIA by 4.2% in the fourth quarter. Conrad Siegel Investment Advisors Inc. now owns 8,595 shares of the computer hardware maker’s stock valued at $1,154,000 after acquiring an additional 346 shares in the last quarter. Horizon Wealth Management LLC boosted its holdings in NVIDIA by 9.0% in the fourth quarter. Horizon Wealth Management LLC now owns 41,087 shares of the computer hardware maker’s stock valued at $5,518,000 after purchasing an additional 3,389 shares during the period. Finally, Sunflower Bank N.A. increased its holdings in NVIDIA by 0.9% during the 4th quarter. Sunflower Bank N.A. now owns 18,996 shares of the computer hardware maker’s stock worth $2,551,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $123.43 on Thursday. The company has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. The business has a 50 day simple moving average of $137.91 and a 200-day simple moving average of $129.44. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $60.70 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. As a group, equities research analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Tigress Financial upgraded shares of NVIDIA from a “buy” rating to a “strong-buy” rating and lifted their price target for the stock from $170.00 to $220.00 in a research note on Tuesday. Benchmark reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Tuesday, January 7th. DA Davidson increased their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Piper Sandler upped their price objective on shares of NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, HSBC reduced their target price on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $166.23.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by insiders.

NVIDIA Company Profile

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.