Keystone Financial Group Acquires 55,646 Shares of NVIDIA Co. (NASDAQ:NVDA)

Keystone Financial Group increased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 35.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,551 shares of the computer hardware maker's stock after acquiring an additional 55,646 shares during the period. NVIDIA comprises approximately 2.8% of Keystone Financial Group's portfolio, making the stock its 8th biggest holding. Keystone Financial Group's holdings in NVIDIA were worth $28,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SOA Wealth Advisors LLC. lifted its position in shares of NVIDIA by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of NVIDIA by 3.7% in the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after buying an additional 1,285,897 shares in the last quarter. NCP Inc. raised its position in shares of NVIDIA by 14.6% in the third quarter. NCP Inc. now owns 206,065 shares of the computer hardware maker's stock worth $25,025,000 after buying an additional 26,175 shares in the last quarter. Capital Counsel LLC NY raised its position in shares of NVIDIA by 10.6% in the third quarter. Capital Counsel LLC NY now owns 3,085 shares of the computer hardware maker's stock worth $375,000 after buying an additional 295 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of NVIDIA by 7.6% in the third quarter. Glenmede Trust Co. NA now owns 1,325,358 shares of the computer hardware maker's stock worth $160,951,000 after buying an additional 94,091 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. DA Davidson reduced their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Barclays reduced their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Finally, UBS Group reduced their target price on NVIDIA from $180.00 to $175.00 and set a "buy" rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $164.84.

Insider Buying and Selling

In other news, Director Robert K. Burgess sold 53,324 shares of the firm's 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 completion of the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $0.05 during mid-day trading on Friday, reaching $134.78. 83,035,304 shares of the stock traded hands, compared to its average volume of 294,563,230. The business has a 50-day moving average of $111.80 and a 200 day moving average of $127.10. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock has a market capitalization of $3.30 trillion, a PE ratio of 53.07, a PEG ratio of 1.76 and a beta of 2.11. 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 earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. 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.