Dagco Inc. Decreases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Dagco Inc. decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,316 shares of the computer hardware maker's stock after selling 3,578 shares during the period. Dagco Inc.'s holdings in NVIDIA were worth $848,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the fourth quarter worth approximately $46,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Up 4.2%

Shares of NASDAQ NVDA traded up $5.41 during trading on Wednesday, hitting $135.34. The stock had a trading volume of 279,277,491 shares, compared to its average volume of 296,148,002. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $3.31 trillion, a PE ratio of 53.26, a PEG ratio of 1.76 and a beta of 2.11. The firm has a fifty day moving average of $110.79 and a two-hundred day moving average of $127.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.36%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Rosenblatt Securities cut their target price on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Raymond James reissued a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $164.84.

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.