NVIDIA Co. (NASDAQ:NVDA) is Dillon & Associates Inc.'s Largest Position

Dillon & Associates Inc. lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 967,064 shares of the computer hardware maker's stock after selling 33,129 shares during the quarter. NVIDIA accounts for about 18.0% of Dillon & Associates Inc.'s investment portfolio, making the stock its largest position. Dillon & Associates Inc.'s holdings in NVIDIA were worth $129,587,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Clune & Associates LTD. purchased a new stake in shares of NVIDIA during the fourth quarter worth about $3,955,000. Mountain Hill Investment Partners Corp. bought a new position in NVIDIA in the 4th quarter worth approximately $846,000. McCollum Christoferson Group LLC boosted its stake in NVIDIA by 2.1% in the 4th quarter. McCollum Christoferson Group LLC now owns 15,218 shares of the computer hardware maker's stock worth $2,044,000 after purchasing an additional 318 shares during the period. Crowley Wealth Management Inc. purchased a new stake in NVIDIA during the 4th quarter valued at approximately $581,000. Finally, Cedar Wealth Management LLC raised its position in shares of NVIDIA by 112.9% during the fourth quarter. Cedar Wealth Management LLC now owns 11,050 shares of the computer hardware maker's stock valued at $1,484,000 after buying an additional 5,860 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $0.10 during mid-day trading on Wednesday, hitting $108.92. The stock had a trading volume of 229,377,969 shares, compared to its average volume of 302,869,091. The company has a 50 day moving average of $111.47 and a two-hundred day moving average of $128.49. NVIDIA Co. has a twelve month low of $81.25 and a twelve month high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a market cap of $2.66 trillion, a PE ratio of 42.87, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction 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 completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last quarter. 4.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Susquehanna restated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. DA Davidson reduced their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

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.