342 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Rovin Capital UT ADV

Rovin Capital UT ADV purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 342 shares of the computer hardware maker’s stock, valued at approximately $309,000.

Other large investors also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new stake in NVIDIA in the 4th quarter valued at about $28,000. Criterion Capital Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA during the third quarter worth approximately $30,000. Able Wealth Management LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $32,000. Finally, Trivant Custom Portfolio Group LLC grew its stake in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Jefferies Financial Group increased their target price on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Bank of America increased their price objective on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Raymond James lifted their target price on NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 11th. Finally, TD Cowen increased their price target on NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $941.55.

NVIDIA Trading Down 1.5 %

NVDA stock traded down $13.55 during mid-day trading on Tuesday, reaching $864.02. 36,070,525 shares of the stock traded hands, compared to its average volume of 51,807,828. The stock’s fifty day moving average is $860.82 and its 200-day moving average is $643.52. The company has a market cap of $2.16 trillion, a P/E ratio of 72.36, a P/E/G ratio of 1.26 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 52-week low of $272.40 and a 52-week high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

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.