Ropes Wealth Advisors LLC Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Ropes Wealth Advisors LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 26.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,278 shares of the computer hardware maker’s stock after acquiring an additional 1,110 shares during the period. Ropes Wealth Advisors LLC’s holdings in NVIDIA were worth $1,552,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Disciplined Investments LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at $25,000. Advanced Research Investment Solutions LLC purchased a new position in shares of NVIDIA in the fourth quarter valued at $29,000. Fortis Advisors LLC grew its holdings in shares of NVIDIA by 300.0% in the third quarter. Fortis Advisors LLC now owns 160 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Charter Oak Capital Management LLC grew its holdings in shares of NVIDIA by 400.0% in the fourth quarter. Charter Oak Capital Management LLC now owns 130 shares of the computer hardware maker’s stock valued at $38,000 after purchasing an additional 104 shares in the last quarter. Finally, Leverty Financial Group LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $41,000. 55.19% of the stock is owned by institutional investors.

Shares of NASDAQ NVDA traded up $15.31 during mid-day trading on Friday, reaching $177.06. 66,953,757 shares of the company were exchanged, compared to its average volume of 56,273,920. The company has a quick ratio of 6.05, a current ratio of 6.65 and a debt-to-equity ratio of 0.41. The stock has a market cap of $515.73 billion, a price-to-earnings ratio of 46.02, a P/E/G ratio of 2.10 and a beta of 1.59. NVIDIA Co. has a 1 year low of $135.43 and a 1 year high of $346.47. The firm has a 50-day moving average of $224.97 and a 200 day moving average of $257.53.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings data on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.13. The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The firm’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. On average, equities analysts forecast that NVIDIA Co. will post 4.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 2nd. NVIDIA’s payout ratio is currently 4.16%.

In related news, CEO Jen Hsun Huang sold 292,340 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total value of $69,319,660.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark L. Perry sold 16,716 shares of the firm’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $263.80, for a total transaction of $4,409,680.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 409,056 shares of company stock valued at $101,135,342. Company insiders own 4.47% of the company’s stock.

Several analysts have recently issued reports on NVDA shares. Zacks Investment Research cut shares of NVIDIA from a “buy” rating to a “hold” rating and set a $229.00 target price on the stock. in a research report on Tuesday, April 19th. Mizuho lifted their target price on NVIDIA from $335.00 to $345.00 and gave the stock a “buy” rating in a report on Thursday, February 17th. Deutsche Bank Aktiengesellschaft dropped their target price on NVIDIA from $285.00 to $255.00 and set a “hold” rating for the company in a report on Wednesday, April 20th. Cowen reiterated an “outperform” rating and issued a $350.00 target price on shares of NVIDIA in a report on Tuesday, March 15th. Finally, Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 17th. Eight research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $324.82.

NVIDIA Profile (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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