Financial Consulate Inc. Buys 928 Shares of NVIDIA Co. (NASDAQ:NVDA)

Financial Consulate Inc. raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 52.5% in the fourth quarter, Holdings Channel reports. The fund owned 2,696 shares of the computer hardware maker’s stock after acquiring an additional 928 shares during the period. Financial Consulate Inc.’s holdings in NVIDIA were worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GoalVest Advisory LLC increased its stake in shares of NVIDIA by 124.1% in the fourth 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. Riggs Asset Managment Co. Inc. increased its stake in shares of NVIDIA by 271.2% in the third 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. FSC Wealth Advisors LLC increased its stake in shares of NVIDIA by 313.6% in the third quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 207 shares in the last quarter. Paragon Wealth Strategies LLC acquired a new stake in shares of NVIDIA in the third quarter valued at $36,000. Finally, Lumature Wealth Partners LLC increased its stake in shares of NVIDIA by 396.8% in the third quarter. Lumature Wealth Partners LLC now owns 313 shares of the computer hardware maker’s stock valued at $38,000 after buying an additional 250 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. Wedbush restated a “neutral” rating and issued a $216.00 target price on shares of NVIDIA in a research note on Thursday. Barclays raised their target price on NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. The Goldman Sachs Group upgraded NVIDIA from a “neutral” rating to a “buy” rating and raised their target price for the company from $162.00 to $275.00 in a research note on Thursday, February 23rd. Evercore ISI lifted their price objective on NVIDIA from $245.00 to $300.00 in a research report on Thursday, February 23rd. Finally, DZ Bank lowered NVIDIA from a “buy” rating to a “sell” rating and set a $195.00 price objective for the company. in a research report on Thursday, February 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus target price of $245.32.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $229.29, for a total value of $1,375,740.00. Following the sale, the chief financial officer now owns 561,401 shares in the company, valued at approximately $128,723,635.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $158.84, for a total value of $19,060,800.00. Following the sale, the director now owns 1,325,888 shares in the company, valued at approximately $210,604,049.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $229.29, for a total value of $1,375,740.00. Following the transaction, the chief financial officer now directly owns 561,401 shares in the company, valued at approximately $128,723,635.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 293,066 shares of company stock worth $51,229,679. Corporate insiders own 4.04% of the company’s stock.

NVIDIA Trading Up 0.7 %

NASDAQ:NVDA opened at $257.25 on Friday. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $289.46. 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 stock has a market capitalization of $635.41 billion, a PE ratio of 147.84, a price-to-earnings-growth ratio of 4.53 and a beta of 1.76. The business’s 50-day simple moving average is $210.84 and its 200-day simple moving average is $167.00.

NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the business posted $1.14 EPS. NVIDIA’s revenue for the quarter was down 20.8% on a year-over-year basis. Sell-side analysts expect that NVIDIA Co. will post 3.21 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.06%. The ex-dividend date of this dividend is Tuesday, March 7th. NVIDIA’s payout ratio is 9.20%.

NVIDIA Company 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.