Myecfo LLC Buys 150 Shares of NVIDIA Co. (NASDAQ:NVDA)

Myecfo LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,402 shares of the computer hardware maker’s stock after acquiring an additional 150 shares during the quarter. Myecfo LLC’s holdings in NVIDIA were worth $457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cypress Financial Planning LLC increased its position in shares of NVIDIA by 18.4% during the fourth quarter. Cypress Financial Planning LLC now owns 3,042 shares of the computer hardware maker’s stock valued at $409,000 after acquiring an additional 472 shares in the last quarter. Gainplan LLC increased its holdings in shares of NVIDIA by 22.0% in the 4th quarter. Gainplan LLC now owns 8,421 shares of the computer hardware maker’s stock worth $1,131,000 after purchasing an additional 1,516 shares in the last quarter. Tuttle Capital Management LLC raised its stake in shares of NVIDIA by 34.7% in the fourth quarter. Tuttle Capital Management LLC now owns 5,096 shares of the computer hardware maker’s stock worth $684,000 after purchasing an additional 1,312 shares during the last quarter. GSG Advisors LLC lifted its holdings in shares of NVIDIA by 1.4% during the fourth quarter. GSG Advisors LLC now owns 41,567 shares of the computer hardware maker’s stock valued at $5,582,000 after purchasing an additional 554 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of NVIDIA by 4.7% during the fourth quarter. Rosenberg Matthew Hamilton now owns 21,152 shares of the computer hardware maker’s stock valued at $2,841,000 after buying an additional 949 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 in the last ninety days. 4.23% of the stock is owned by company insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Tuesday, January 7th. TD Cowen increased their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Melius Research lifted their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC boosted their target price on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, HSBC dropped their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

NVIDIA Trading Up 0.8 %

NVDA opened at $124.75 on Friday. The stock has a 50-day moving average of $137.46 and a 200 day moving average of $129.40. 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 12 month low of $60.70 and a 12 month high of $153.13. The firm has a market cap of $3.06 trillion, a P/E ratio of 49.09, a P/E/G ratio of 2.65 and a beta of 1.64.

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

NVIDIA Announces Dividend

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

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.