Berger Financial Group Inc Raises Position in NVIDIA Co. (NASDAQ:NVDA) (2024)

Posted by Defense World Staff on May 18th, 2024

Berger Financial Group Inc increased its holdings in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,077 shares of the computer hardware maker’s stock after purchasing an additional 983 shares during the period. Berger Financial Group Inc’s holdings in NVIDIA were worth $5,981,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA in the fourth quarter worth approximately $28,000. Criterion Capital Advisors LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the 3rd quarter valued at $30,000. Trivant Custom Portfolio Group LLC grew its stake in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the period. Finally, O Brien Wealth Partners LLC increased its holdings in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Down 2.0 %

NASDAQ NVDA opened at $924.79 on Friday. The company has a market capitalization of $2.27 trillion, a P/E ratio of 77.45, a PEG ratio of 1.34 and a beta of 1.75. NVIDIA Co. has a 12 month low of $298.06 and a 12 month high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company’s 50 day simple moving average is $882.98 and its 200 day simple moving average is $683.64.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue was up 265.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 earnings per share. Equities research analysts expect that NVIDIA Co. will post 22.76 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $910.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Argus increased their target price on shares of NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. HSBC lifted their price target on shares of NVIDIA from $1,050.00 to $1,350.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Wedbush reissued an “outperform” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research report on Thursday. Finally, Piper Sandler lifted their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $966.55.

Read Our Latest Research Report on NVDA

About NVIDIA

(Free Report)

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.

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