Centennial Wealth Advisory LLC Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Centennial Wealth Advisory LLC increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,421 shares of the computer hardware maker’s stock after acquiring an additional 31 shares during the period. NVIDIA makes up about 0.6% of Centennial Wealth Advisory LLC’s investment portfolio, making the stock its 29th largest position. Centennial Wealth Advisory LLC’s holdings in NVIDIA were worth $1,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Brooklyn FI LLC raised its position in shares of NVIDIA by 2.5% during the 1st quarter. Brooklyn FI LLC now owns 489 shares of the computer hardware maker’s stock worth $442,000 after purchasing an additional 12 shares during the last quarter. M. Kraus & Co raised its position in shares of NVIDIA by 2.0% during the 1st quarter. M. Kraus & Co now owns 657 shares of the computer hardware maker’s stock worth $594,000 after purchasing an additional 13 shares during the last quarter. Sterling Financial Group Inc. raised its position in shares of NVIDIA by 0.9% during the 1st quarter. Sterling Financial Group Inc. now owns 1,452 shares of the computer hardware maker’s stock worth $1,312,000 after purchasing an additional 13 shares during the last quarter. VanderPol Investments L.L.C. raised its position in shares of NVIDIA by 3.1% during the 1st quarter. VanderPol Investments L.L.C. now owns 465 shares of the computer hardware maker’s stock worth $420,000 after purchasing an additional 14 shares during the last quarter. Finally, WFA Asset Management Corp raised its position in shares of NVIDIA by 10.1% during the 1st quarter. WFA Asset Management Corp now owns 153 shares of the computer hardware maker’s stock worth $138,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NVDA shares. Sanford C. Bernstein boosted their price target on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Craig Hallum boosted their price target on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Piper Sandler boosted their price target on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Citigroup boosted their price target on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Piper Sandler Companies boosted their price target on NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $941.55.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 12,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $853.54, for a total transaction of $10,242,480.00. Following the sale, the director now owns 1,107,583 shares in the company, valued at $945,366,393.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated 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 sale, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 1.5 %

NASDAQ:NVDA traded down $13.55 on Tuesday, reaching $864.02. The stock had a trading volume of 36,070,525 shares, compared to its average volume of 51,807,828. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $860.82 and a 200 day moving average of $643.52. The stock has a market cap of $2.16 trillion, a P/E ratio of 72.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 12-month low of $272.40 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. On average, research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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