Cornerstone Select Advisors LLC Buys Shares of 41,454 NVIDIA Co. (NASDAQ:NVDA)

Cornerstone Select Advisors LLC purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 41,454 shares of the computer hardware maker's stock, valued at approximately $5,567,000. NVIDIA accounts for 5.4% of Cornerstone Select Advisors LLC's holdings, making the stock its 2nd biggest position.

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

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVDA. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Truist Financial upped their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a report on Thursday. Barclays reiterated an "overweight" rating and set a $170.00 target price (up previously from $155.00) on shares of NVIDIA in a research report on Thursday. Finally, Piper Sandler reissued an "overweight" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Up 3.2%

Shares of NASDAQ:NVDA traded up $4.38 during trading hours on Thursday, reaching $139.19. The stock had a trading volume of 368,832,482 shares, compared to its average volume of 286,404,452. The stock has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.78, a P/E/G ratio of 1.76 and a beta of 2.11. The firm's 50 day moving average is $115.20 and its 200-day moving average is $126.61. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 69.2% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

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.