Retirement Planning Group LLC NY Makes New $398,000 Investment in NVIDIA Co. (NASDAQ:NVDA)

Retirement Planning Group LLC NY purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,966 shares of the computer hardware maker's stock, valued at approximately $398,000.

A number of other institutional investors also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. LSV Asset Management acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $54,000. Finally, Delos Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after acquiring an additional 283 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVDA stock traded down $1.93 on Thursday, reaching $139.99. The company had a trading volume of 228,903,974 shares, compared to its average volume of 282,161,719. 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. The company's fifty day moving average is $117.19 and its 200 day moving average is $126.42. The company has a market cap of $3.42 trillion, a P/E ratio of 55.09, a PEG ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its 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). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. On average, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued 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 dividend yield of 0.03%. NVIDIA's payout ratio is 1.29%.

Insider Activity at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of the firm'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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,257,983 shares of company stock worth $172,973,349. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Needham & Company LLC restated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Piper Sandler restated 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, May 28th. Mizuho boosted their price target on NVIDIA from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. Finally, Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.