Weatherly Asset Management L. P. Buys 2,945 Shares of NVIDIA Co. (NASDAQ:NVDA)

Weatherly Asset Management L. P. grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 17.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,855 shares of the computer hardware maker’s stock after buying an additional 2,945 shares during the period. Weatherly Asset Management L. P.’s holdings in NVIDIA were worth $2,902,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GoalVest Advisory LLC boosted its holdings in shares of NVIDIA by 124.1% during 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. Riggs Asset Managment Co. Inc. boosted its holdings in shares of NVIDIA by 271.2% during 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. FSC Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 313.6% during the 3rd 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 bought a new stake in shares of NVIDIA during the 3rd quarter valued at $36,000. Finally, Lumature Wealth Partners LLC boosted its holdings in shares of NVIDIA by 396.8% during the 3rd 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. Institutional investors own 61.80% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $1.84 during mid-day trading on Friday, reaching $257.25. 84,854,656 shares of the company traded hands, compared to its average volume of 50,780,742. The company’s 50 day moving average price is $210.84 and its 200-day moving average price is $166.91. The firm has a market cap of $635.41 billion, a PE ratio of 147.84, a PEG ratio of 4.27 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. NVIDIA Co. has a 52 week low of $108.13 and a 52 week high of $289.46.

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

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 29th. Investors of record on Wednesday, March 8th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.06%. NVIDIA’s dividend payout ratio (DPR) is presently 9.20%.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research reports. Barclays boosted their target price on shares of NVIDIA from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, February 23rd. BMO Capital Markets lifted their price target on NVIDIA from $210.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 21st. JPMorgan Chase & Co. lifted their price target on NVIDIA from $220.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, February 23rd. Robert W. Baird lifted their price target on NVIDIA from $150.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, February 23rd. Finally, Bank of America lifted their price target on NVIDIA from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $245.32.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 10,741 shares of the business’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $200.00, for a total transaction of $2,148,200.00. Following the completion of the transaction, the chief financial officer now directly owns 536,960 shares in the company, valued at approximately $107,392,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other NVIDIA news, CFO Colette Kress sold 10,741 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $200.00, for a total value of $2,148,200.00. Following the completion of the transaction, the chief financial officer now directly owns 536,960 shares in the company, valued at approximately $107,392,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark L. Perry sold 20,000 shares of the company’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 value of $4,727,400.00. Following the completion of the transaction, the director now owns 140,000 shares of the company’s stock, valued at $33,091,800. The disclosure for this sale can be found here. In the last ninety days, insiders sold 293,066 shares of company stock worth $51,229,679. 4.04% of the stock is owned by company insiders.

About NVIDIA

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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.