NorthRock Partners LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

NorthRock Partners LLC increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 83.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,403 shares of the computer hardware maker's stock after acquiring an additional 219,491 shares during the quarter. NVIDIA comprises 2.1% of NorthRock Partners LLC's portfolio, making the stock its 10th biggest holding. NorthRock Partners LLC's holdings in NVIDIA were worth $64,916,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. LSV Asset Management acquired a new stake in NVIDIA during the fourth quarter worth approximately $54,000. Finally, Gleason Group Inc. increased its stake in NVIDIA by 52.9% during the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after acquiring an additional 148 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated 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 in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock traded up $4.38 during trading on Thursday, reaching $139.19. The company had a trading volume of 368,832,482 shares, compared to its average volume of 286,410,423. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The firm's 50-day simple moving average is $114.85 and its 200 day simple moving average is $126.66. The firm has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. 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 issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company's quarterly revenue was up 69.2% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a $0.01 dividend. 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 payout ratio is presently 1.36%.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. DA Davidson increased their target price on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday. Raymond James upped their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a report on Thursday. Finally, TD Cowen increased their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $171.66.

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.