NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lowered by Rodgers & Associates LTD

Rodgers & Associates LTD cut its position in NVIDIA Co. (NASDAQ:NVDA) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,481 shares of the computer hardware maker’s stock after selling 17 shares during the quarter. Rodgers & Associates LTD’s holdings in NVIDIA were worth $733,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC raised its stake in shares of NVIDIA by 7.2% during the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth approximately $2,639,000. McLean Asset Management Corp lifted its stake in shares of NVIDIA by 11.7% in the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 186 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in shares of NVIDIA by 5.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after acquiring an additional 209 shares in the last quarter. Finally, Shilanski & Associates Inc. increased its stake in shares of NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after acquiring an additional 410 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVDA. Argus lifted their price target on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Benchmark reiterated a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research report on Wednesday, March 20th. Wolfe Research raised their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Finally, Piper Sandler raised their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $941.55.

NVIDIA Price Performance

NASDAQ NVDA opened at $887.89 on Friday. NVIDIA Co. has a fifty-two week low of $272.40 and a fifty-two week high of $974.00. The stock’s 50-day moving average is $865.39 and its two-hundred day moving average is $646.31. The firm has a market cap of $2.22 trillion, a P/E ratio of 74.36, a price-to-earnings-growth ratio of 1.19 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last issued 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 business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue was up 265.3% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. On average, analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by insiders.

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.