NVIDIA Co. (NASDAQ:NVDA) Shares Purchased by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC lifted its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,027 shares of the computer hardware maker’s stock after purchasing an additional 385 shares during the period. NVIDIA makes up 1.3% of Kavar Capital Partners Group LLC’s holdings, making the stock its 21st biggest holding. Kavar Capital Partners Group LLC’s holdings in NVIDIA were worth $5,850,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. GoalVest Advisory LLC boosted its holdings in shares of NVIDIA by 124.1% in the 4th quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 108 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in shares of NVIDIA in the 4th quarter valued at $34,000. Riggs Asset Managment Co. Inc. boosted its holdings in shares of NVIDIA by 271.2% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock valued at $30,000 after buying an additional 179 shares in the last quarter. NewSquare Capital LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $37,000. Finally, HBC Financial Services PLLC boosted its holdings in shares of NVIDIA by 50.0% in the 2nd quarter. HBC Financial Services PLLC now owns 300 shares of the computer hardware maker’s stock valued at $47,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Truist Financial upped their price target on shares of NVIDIA from $322.00 to $470.00 in a research report on Thursday. Sanford C. Bernstein upped their price target on shares of NVIDIA from $300.00 to $475.00 in a research report on Thursday. StockNews.com assumed coverage on shares of NVIDIA in a research report on Thursday, May 18th. They issued a “hold” rating for the company. BNP Paribas upgraded shares of NVIDIA from an “underperform” rating to a “neutral” rating and set a $230.00 price target for the company in a research report on Tuesday, March 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $250.00 to $500.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $375.13.

NVIDIA Trading Up 1.8 %

NASDAQ NVDA traded up $6.92 during mid-day trading on Friday, hitting $386.72. The company’s stock had a trading volume of 48,220,056 shares, compared to its average volume of 47,601,945. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $394.80. The stock’s fifty day simple moving average is $280.52 and its two-hundred day simple moving average is $218.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. The firm has a market capitalization of $956.41 billion, a P/E ratio of 197.81, a price-to-earnings-growth ratio of 5.31 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings data on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. The company had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.52 billion. NVIDIA had a net margin of 18.52% and a return on equity of 24.18%. The business’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 earnings per share. Research analysts expect that NVIDIA Co. will post 3.28 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 8th will be paid a dividend of $0.04 per share. The ex-dividend date is Wednesday, June 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 8.33%.

Insider Activity

In other news, EVP Debora Shoquist sold 23,084 shares of NVIDIA stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the sale, the executive vice president now owns 139,860 shares in the company, valued at $42,657,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Debora Shoquist sold 23,084 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $305.00, for a total transaction of $7,040,620.00. Following the completion of the sale, the executive vice president now owns 139,860 shares of the company’s stock, valued at $42,657,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark L. Perry sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $236.37, for a total transaction of $4,727,400.00. Following the sale, the director now directly owns 140,000 shares of the company’s stock, valued at approximately $33,091,800. The disclosure for this sale can be found here. Insiders have sold 54,084 shares of company stock worth $14,516,510 over the last 90 days. Company insiders own 3.99% of the company’s stock.

NVIDIA Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.