Snider Financial Group Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Snider Financial Group grew its position in NVIDIA Co. (NASDAQ:NVDA) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,053 shares of the computer hardware maker’s stock after buying an additional 5,409 shares during the period. NVIDIA accounts for approximately 1.5% of Snider Financial Group’s investment portfolio, making the stock its 18th largest position. Snider Financial Group’s holdings in NVIDIA were worth $4,842,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Triad Wealth Partners LLC increased its position in shares of NVIDIA by 21.7% during the 4th quarter. Triad Wealth Partners LLC now owns 24,362 shares of the computer hardware maker’s stock worth $3,272,000 after purchasing an additional 4,338 shares during the last quarter. Wealth Advisory Solutions LLC increased its position in shares of NVIDIA by 20.5% during the fourth quarter. Wealth Advisory Solutions LLC now owns 2,816 shares of the computer hardware maker’s stock valued at $378,000 after acquiring an additional 479 shares during the last quarter. Laffer Tengler Investments Inc. raised its stake in shares of NVIDIA by 26.0% in the 4th quarter. Laffer Tengler Investments Inc. now owns 35,004 shares of the computer hardware maker’s stock valued at $4,701,000 after acquiring an additional 7,217 shares during the period. Carrera Capital Advisors boosted its position in shares of NVIDIA by 9.8% during the 4th quarter. Carrera Capital Advisors now owns 6,133 shares of the computer hardware maker’s stock worth $824,000 after purchasing an additional 549 shares during the period. Finally, Glass Wealth Management Co LLC increased its holdings in NVIDIA by 1.3% in the 4th quarter. Glass Wealth Management Co LLC now owns 55,407 shares of the computer hardware maker’s stock valued at $7,441,000 after purchasing an additional 730 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NVDA. TD Cowen lowered their price target on NVIDIA from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. HSBC cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.01.

NVIDIA Price Performance

Shares of NVDA opened at $114.33 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The firm has a 50-day simple moving average of $119.29 and a 200-day simple moving average of $130.54. The company has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 44.99, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.36%.

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.