Cornerstone Financial Group LLC NE Buys Shares of 6,000 NVIDIA Co. (NASDAQ:NVDA)

Cornerstone Financial Group LLC NE bought a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,000 shares of the computer hardware maker's stock, valued at approximately $806,000.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Select Advisors LLC bought a new position in shares of NVIDIA in the 4th quarter worth approximately $5,567,000. Crestline Management LP increased its stake in shares of NVIDIA by 159.2% in the 4th quarter. Crestline Management LP now owns 703,108 shares of the computer hardware maker's stock worth $94,420,000 after purchasing an additional 431,805 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in NVIDIA by 1.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 5,731,450 shares of the computer hardware maker's stock worth $769,676,000 after purchasing an additional 89,883 shares during the period. Capitolis Liquid Global Markets LLC lifted its position in NVIDIA by 7.2% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 6,043,300 shares of the computer hardware maker's stock valued at $811,555,000 after purchasing an additional 406,000 shares in the last quarter. Finally, Blue Capital Inc. purchased a new position in NVIDIA during the fourth quarter valued at $2,632,000. Institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on NVDA. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Citigroup restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, UBS Group restated a "buy" rating on shares of NVIDIA in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.53.

NVIDIA Trading Up 3.2%

NVDA traded up $4.21 during trading on Tuesday, reaching $135.50. The company had a trading volume of 191,793,409 shares, compared to its average volume of 288,540,280. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.33, a PEG ratio of 1.76 and a beta of 2.11. The business has a 50 day simple moving average of $114.17 and a 200-day simple moving average of $126.54.

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

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is currently owned by company insiders.

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.