Defined Financial Planning LLC Purchases New Stake in NVIDIA Co. (NASDAQ:NVDA)

Defined Financial Planning LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,840 shares of the computer hardware maker's stock, valued at approximately $2,396,000. NVIDIA makes up about 2.6% of Defined Financial Planning LLC's investment portfolio, making the stock its 13th largest holding.

A number of other large investors also recently added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new position in NVIDIA in the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 4th quarter worth approximately $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in NVIDIA in the 4th quarter worth approximately $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last quarter. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

NVDA stock traded up $6.93 during mid-day trading on Tuesday, reaching $129.93. 327,417,936 shares of the company's stock were exchanged, compared to its average volume of 296,205,755. The company has a market cap of $3.18 trillion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The stock's 50 day moving average is $110.40 and its 200 day moving average is $127.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVDA. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Finally, UBS Group lowered their target price on NVIDIA from $180.00 to $175.00 and set a "buy" rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.84.

About NVIDIA

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.