NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Howard Bailey Securities LLC

Howard Bailey Securities LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 195.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,625 shares of the computer hardware maker’s stock after acquiring an additional 12,974 shares during the period. Howard Bailey Securities LLC’s holdings in NVIDIA were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in NVDA. Tranquility Partners LLC boosted its position in NVIDIA by 1.2% during the 4th quarter. Tranquility Partners LLC now owns 38,590 shares of the computer hardware maker’s stock valued at $5,182,000 after purchasing an additional 471 shares during the period. Hemington Wealth Management boosted its position in NVIDIA by 11.3% during the 4th quarter. Hemington Wealth Management now owns 21,797 shares of the computer hardware maker’s stock valued at $2,927,000 after purchasing an additional 2,211 shares during the period. Park Capital Management LLC WI acquired a new position in NVIDIA during the 4th quarter valued at approximately $8,593,000. Ingalls & Snyder LLC boosted its position in NVIDIA by 1.1% during the 4th quarter. Ingalls & Snyder LLC now owns 214,721 shares of the computer hardware maker’s stock valued at $28,835,000 after purchasing an additional 2,359 shares during the period. Finally, Consolidated Planning Corp boosted its position in NVIDIA by 3.7% during the 4th quarter. Consolidated Planning Corp now owns 67,192 shares of the computer hardware maker’s stock valued at $9,023,000 after purchasing an additional 2,399 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NVDA. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Phillip Securities restated an “accumulate” rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Wells Fargo & Company boosted their price target on NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird boosted their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.51.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 5.3 %

NASDAQ:NVDA opened at $121.67 on Monday. The business’s fifty day moving average price is $129.26 and its 200 day moving average price is $131.23. 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 Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The firm has a market capitalization of $2.97 trillion, a price-to-earnings ratio of 47.88, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

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.