2,250 Shares in NVIDIA Co. (NASDAQ:NVDA) Bought by KMT Wealth Management LLC

KMT Wealth Management LLC bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,250 shares of the computer hardware maker's stock, valued at approximately $302,000. NVIDIA accounts for 0.2% of KMT Wealth Management LLC's portfolio, making the stock its 11th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Bernard Wealth Management Corp. bought a new stake in NVIDIA in the fourth quarter valued at approximately $32,297,000. XY Planning Network Inc. purchased a new position in shares of NVIDIA in the fourth quarter worth $1,679,000. HWG Holdings LP raised its holdings in NVIDIA by 45.1% during the 4th quarter. HWG Holdings LP now owns 89,672 shares of the computer hardware maker's stock valued at $12,042,000 after buying an additional 27,852 shares during the last quarter. LifeWealth Investments LLC purchased a new stake in NVIDIA during the 4th quarter valued at $3,182,000. Finally, Capital A Wealth Management LLC bought a new stake in NVIDIA in the 4th quarter worth $1,226,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 0.6%

NVDA traded up $0.91 during trading on Monday, hitting $142.63. 184,474,522 shares of the company's stock traded hands, compared to its average volume of 278,231,410. The stock has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 56.13, a PEG ratio of 1.76 and a beta of 2.12. The company's 50 day simple moving average is $118.45 and its two-hundred day simple moving average is $126.10. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

NVIDIA Announces Dividend

The business also recently disclosed 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 of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.29%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Raymond James upped their price target on NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Rosenblatt Securities boosted their target price on NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, HSBC downgraded 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. 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 given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Buying and Selling

In other news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The stock was 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 $6,300,891.36. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,255,320 shares of company stock worth $172,680,419. 4.17% of the stock is owned by insiders.

NVIDIA 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.