Dividend Assets Capital LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Dividend Assets Capital LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.8% in the 4th quarter, HoldingsChannel reports. The firm owned 8,078 shares of the computer hardware maker’s stock after purchasing an additional 442 shares during the quarter. Dividend Assets Capital LLC’s holdings in NVIDIA were worth $1,085,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NVDA. PMG Wealth Management Inc. acquired a new position in NVIDIA during the 4th quarter worth approximately $510,000. Greystone Financial Group LLC raised its holdings in shares of NVIDIA by 2.3% in the 4th quarter. Greystone Financial Group LLC now owns 33,305 shares of the computer hardware maker’s stock valued at $4,473,000 after purchasing an additional 742 shares in the last quarter. Peregrine Asset Advisers Inc. lifted its position in shares of NVIDIA by 13.3% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 95,773 shares of the computer hardware maker’s stock worth $12,861,000 after purchasing an additional 11,217 shares during the last quarter. Lloyd Advisory Services LLC. grew its stake in shares of NVIDIA by 2.3% during the fourth quarter. Lloyd Advisory Services LLC. now owns 13,777 shares of the computer hardware maker’s stock worth $1,850,000 after purchasing an additional 316 shares in the last quarter. Finally, Eubel Brady & Suttman Asset Management Inc. increased its holdings in NVIDIA by 14.9% in the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 7,017 shares of the computer hardware maker’s stock valued at $942,000 after buying an additional 910 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NVDA. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho decreased their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. HSBC reduced their price objective on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and a consensus price target of $171.51.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 directly owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,609 shares of company stock valued at $22,642,615. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $111.43 on Friday. The company has a market cap of $2.72 trillion, a P/E ratio of 43.85, a PEG ratio of 1.76 and a beta of 1.77. 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 12-month low of $75.61 and a 12-month high of $153.13. The company has a fifty day simple moving average of $125.57 and a 200 day simple moving average of $131.32.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is presently 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.