Stonehaven Wealth & Tax Solutions LLC Invests $787,000 in NVIDIA Co. (NASDAQ:NVDA)

Stonehaven Wealth & Tax Solutions LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,863 shares of the computer hardware maker's stock, valued at approximately $787,000.

A number of other institutional investors have also recently bought and sold shares of NVDA. Lifelong Wealth Advisors Inc. acquired a new position in NVIDIA during the fourth quarter worth $457,000. Twin Focus Capital Partners LLC lifted its stake in NVIDIA by 701.6% in the fourth quarter. Twin Focus Capital Partners LLC now owns 44,410 shares of the computer hardware maker's stock valued at $5,964,000 after acquiring an additional 38,870 shares during the last quarter. Acorns Advisers LLC lifted its stake in NVIDIA by 12.5% in the fourth quarter. Acorns Advisers LLC now owns 75,620 shares of the computer hardware maker's stock valued at $10,155,000 after acquiring an additional 8,405 shares during the last quarter. Finward Bancorp acquired a new stake in NVIDIA in the fourth quarter valued at $1,050,000. Finally, Operose Advisors LLC lifted its stake in NVIDIA by 136.8% in the fourth quarter. Operose Advisors LLC now owns 20,530 shares of the computer hardware maker's stock valued at $2,757,000 after acquiring an additional 11,859 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last three months. 4.23% of the stock is owned by insiders.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $0.51 during mid-day trading on Thursday, hitting $134.83. 225,714,934 shares of the company were exchanged, compared to its average volume of 295,380,357. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $111.24 and a 200-day simple moving average of $127.14. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The firm has a market cap of $3.30 trillion, a price-to-earnings ratio of 53.06, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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 firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Analyst Upgrades and Downgrades

A number of analysts have commented on NVDA shares. KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Wedbush reissued an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Barclays dropped their price objective on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, DA Davidson dropped their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.84.

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.