Northwest Financial Advisors Acquires Shares of 1,473 NVIDIA Co. (NASDAQ:NVDA) (2024)

Posted by Defense World Staff on May 18th, 2024

Northwest Financial Advisors bought a new position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,473 shares of the computer hardware maker’s stock, valued at approximately $729,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. LFA Lugano Financial Advisors SA bought a new position in NVIDIA during the 4th quarter worth approximately $28,000. Criterion Capital Advisors LLC bought a new position in NVIDIA during the fourth quarter worth $28,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA in the third quarter valued at $30,000. Trivant Custom Portfolio Group LLC boosted its position in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC grew its holdings in 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 acquiring an additional 53 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVIDIA stock opened at $924.79 on Friday. The stock has a market cap of $2.27 trillion, a price-to-earnings ratio of 77.45, a PEG ratio of 1.34 and a beta of 1.75. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $882.98 and a 200 day simple moving average of $683.64. NVIDIA Co. has a 52 week low of $298.06 and a 52 week high of $974.00.

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

NVIDIA Dividend Announcement

The company also recently announced 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 of this dividend 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 presently 1.34%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 over the last 90 days. Corporate insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NVDA shares. Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. TD Cowen boosted their target price on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. KeyCorp raised their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Piper Sandler Companies upped their price objective on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, Sanford C. Bernstein raised their target price on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $966.55.

Check Out Our Latest Research Report on NVIDIA

NVIDIA Company Profile

(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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