GoalVest Advisory LLC Buys 9,513 Shares of NVIDIA Co. (NASDAQ:NVDA)

GoalVest Advisory LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,480 shares of the computer hardware maker's stock after acquiring an additional 9,513 shares during the period. NVIDIA accounts for about 1.1% of GoalVest Advisory LLC's investment portfolio, making the stock its 15th largest position. GoalVest Advisory LLC's holdings in NVIDIA were worth $3,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in NVDA. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $2,272,000. Capital Performance Advisors LLP lifted its position in shares of NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after purchasing an additional 9,944 shares in the last quarter. Waddell & Associates LLC grew its holdings in NVIDIA by 1.2% during the 4th quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker's stock valued at $3,240,000 after purchasing an additional 297 shares in the last quarter. Strategy Asset Managers LLC increased its stake in NVIDIA by 0.8% during the 4th quarter. Strategy Asset Managers LLC now owns 52,307 shares of the computer hardware maker's stock worth $7,024,000 after buying an additional 405 shares during the period. Finally, Ethos Financial Group LLC lifted its holdings in NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after buying an additional 6,241 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NVDA shares. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday, May 29th. Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Finally, Citigroup reiterated a "buy" rating and issued a $180.00 price target (up previously from $150.00) on shares of NVIDIA in a research report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $171.66.

Insider Activity

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,255,320 shares of company stock worth $172,680,419. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NASDAQ NVDA traded up $1.33 during trading on Tuesday, hitting $143.96. The company's stock had a trading volume of 154,969,369 shares, compared to its average volume of 273,132,656. The firm has a market cap of $3.51 trillion, a P/E ratio of 56.65, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $153.13. The firm has a 50 day moving average price of $119.10 and a 200 day moving average price of $126.11. 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 (NASDAQ:NVDA - Get Free Report) last announced 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 firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period in the previous year, the business posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given 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 presently 1.29%.

NVIDIA Company Profile

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.