Vision Financial Markets LLC Takes Position in NVIDIA Co. (NASDAQ:NVDA)

Vision Financial Markets LLC bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 281 shares of the computer hardware maker’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the 4th quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the fourth quarter valued at $34,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $40,000. Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the 4th quarter worth about $46,000. Finally, 1620 Investment Advisors Inc. raised its holdings in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock worth $51,000 after buying an additional 248 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $107.57 on Friday. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The firm has a fifty day simple moving average of $119.10 and a 200-day simple moving average of $130.45. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 42.33, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Insiders Place Their Bets

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last three months. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NVDA shares. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. TD Cowen cut their target price on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.01.

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.