Sentry LLC Invests $208,000 in NVIDIA Co. (NASDAQ:NVDA)

Sentry LLC purchased a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 1st quarter, HoldingsChannel reports. The firm purchased 230 shares of the computer hardware maker’s stock, valued at approximately $208,000.

Other hedge funds also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA in the 4th quarter valued at about $28,000. Criterion Capital Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth approximately $28,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA in the 3rd quarter valued at $30,000. Able Wealth Management LLC acquired a new stake in NVIDIA during the 4th quarter worth $32,000. Finally, Trivant Custom Portfolio Group LLC raised its position in shares of NVIDIA by 44.1% in the third 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 last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 128 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. KeyCorp increased their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wedbush reiterated an “outperform” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Tuesday, March 19th. Needham & Company LLC lifted their price target on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Mizuho upped their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Oppenheimer boosted their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Stock Up 6.2 %

NVIDIA stock traded up $51.03 during midday trading on Friday, reaching $877.35. The company’s stock had a trading volume of 54,877,793 shares, compared to its average volume of 43,852,452. The company has a market cap of $2.19 trillion, a P/E ratio of 73.48, a P/E/G ratio of 1.18 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $854.40 and a 200-day simple moving average of $635.34. NVIDIA Co. has a fifty-two week low of $266.25 and a fifty-two week high of $974.00.

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

NVIDIA Announces Dividend

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

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.