Shorepoint Capital Partners LLC Buys 7,888 Shares of NVIDIA Co. (NASDAQ:NVDA)

Shorepoint Capital Partners LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 311.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,417 shares of the computer hardware maker's stock after purchasing an additional 7,888 shares during the quarter. Shorepoint Capital Partners LLC's holdings in NVIDIA were worth $1,399,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Mission Creek Capital Partners Inc. raised its holdings in NVIDIA by 1.2% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 147,753 shares of the computer hardware maker's stock worth $19,842,000 after purchasing an additional 1,729 shares in the last quarter. Oak Wealth Advisors LLC bought a new position in shares of NVIDIA in the 4th quarter worth about $244,000. Berger Financial Group Inc increased its stake in shares of NVIDIA by 1.4% in the 4th quarter. Berger Financial Group Inc now owns 133,793 shares of the computer hardware maker's stock worth $17,967,000 after acquiring an additional 1,819 shares in the last quarter. Rinkey Investments increased its stake in shares of NVIDIA by 42.2% in the 4th quarter. Rinkey Investments now owns 5,742 shares of the computer hardware maker's stock worth $771,000 after acquiring an additional 1,705 shares in the last quarter. Finally, Prosperity Consulting Group LLC increased its stake in shares of NVIDIA by 16.1% in the 4th quarter. Prosperity Consulting Group LLC now owns 127,727 shares of the computer hardware maker's stock worth $17,153,000 after acquiring an additional 17,729 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

NVDA has been the subject of several research reports. UBS Group decreased their price target on shares of NVIDIA from $180.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Bank of America increased their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.84.

NVIDIA Stock Performance

NVDA opened at $134.38 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.88, a PEG ratio of 1.76 and a beta of 2.11. The company's 50 day moving average is $113.11 and its 200 day moving average is $126.98. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

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.

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