Thompson Davis & CO. Inc. Has $952,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Thompson Davis & CO. Inc. cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.9% during the 3rd quarter, Holdings Channel reports. The firm owned 7,840 shares of the computer hardware maker’s stock after selling 674 shares during the quarter. NVIDIA makes up approximately 0.7% of Thompson Davis & CO. Inc.’s holdings, making the stock its 19th largest holding. Thompson Davis & CO. Inc.’s holdings in NVIDIA were worth $952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lantz Financial LLC raised its position in NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after acquiring an additional 36,774 shares during the period. Ironwood Wealth Management LLC. lifted its stake in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of NVIDIA during the 2nd quarter valued at approximately $6,663,000. Ninety One UK Ltd lifted its stake in shares of NVIDIA by 806.8% during the 2nd quarter. Ninety One UK Ltd now owns 9,847,094 shares of the computer hardware maker’s stock valued at $1,216,510,000 after buying an additional 8,761,183 shares in the last quarter. Finally, Ninety One SA PTY Ltd lifted its stake in shares of NVIDIA by 846.1% during the 2nd quarter. Ninety One SA PTY Ltd now owns 173,864 shares of the computer hardware maker’s stock valued at $21,697,000 after buying an additional 155,487 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Mark A. Stevens sold 155,000 shares of NVIDIA stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the sale, the director now directly owns 8,100,117 shares in the company, valued at $1,071,402,475.59. The trade was a 1.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,226,886 shares of company stock valued at $161,499,400. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group upped their price target on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Benchmark increased their target price on shares of NVIDIA from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Bank of America reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Loop Capital reissued a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Finally, Oppenheimer reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $164.15.

NVIDIA Trading Up 4.5 %

NASDAQ:NVDA opened at $144.47 on Monday. The company has a 50-day moving average price of $139.57 and a 200-day moving average price of $128.15. NVIDIA Co. has a 12 month low of $47.51 and a 12 month high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.54 trillion, a price-to-earnings ratio of 56.86, a P/E/G ratio of 2.43 and a beta of 1.63.

NVIDIA (NASDAQ:NVDA) last issued its quarterly 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period last year, the company posted $0.38 EPS. NVIDIA’s revenue was up 93.6% on a year-over-year basis. Equities analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

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

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.