NVIDIA Co. (NASDAQ:NVDA) is Dillon & Associates Inc.’s Largest Position

Dillon & Associates Inc. decreased its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.4% during the 3rd quarter, Holdings Channel reports. The firm owned 1,000,193 shares of the computer hardware maker’s stock after selling 24,877 shares during the quarter. NVIDIA makes up approximately 17.0% of Dillon & Associates Inc.’s investment portfolio, making the stock its largest position. Dillon & Associates Inc.’s holdings in NVIDIA were worth $121,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. RPG Investment Advisory LLC increased its stake in NVIDIA by 0.9% during the 3rd quarter. RPG Investment Advisory LLC now owns 415,908 shares of the computer hardware maker’s stock worth $50,508,000 after buying an additional 3,598 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of NVIDIA by 23.3% in the third quarter. Aptus Capital Advisors LLC now owns 1,215,715 shares of the computer hardware maker’s stock worth $147,636,000 after acquiring an additional 230,041 shares during the last quarter. Missouri Trust & Investment Co increased its position in shares of NVIDIA by 20.3% during the third quarter. Missouri Trust & Investment Co now owns 18,945 shares of the computer hardware maker’s stock worth $2,301,000 after purchasing an additional 3,195 shares in the last quarter. Cumberland Partners Ltd lifted its holdings in NVIDIA by 817.6% in the 3rd quarter. Cumberland Partners Ltd now owns 130,755 shares of the computer hardware maker’s stock valued at $15,879,000 after purchasing an additional 116,505 shares in the last quarter. Finally, Savvy Advisors Inc. boosted its stake in NVIDIA by 26.3% during the 3rd quarter. Savvy Advisors Inc. now owns 75,970 shares of the computer hardware maker’s stock worth $9,226,000 after purchasing an additional 15,816 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $137.01 on Friday. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The company has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 53.92, a PEG ratio of 2.43 and a beta of 1.64. The firm has a 50-day moving average of $139.97 and a two-hundred day moving average of $127.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. As a group, analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Phillip Securities reiterated an “accumulate” rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Robert W. Baird raised their target price on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. The Goldman Sachs Group upped their price target on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Benchmark upped their target price on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.15.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,351,886 shares of company stock valued at $176,825,650. Corporate insiders own 4.23% of the company’s stock.

NVIDIA 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.