Griffith & Werner Inc. Buys New Shares in NVIDIA Co. (NASDAQ:NVDA)

Griffith & Werner Inc. acquired a new stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 24,010 shares of the computer hardware maker's stock, valued at approximately $3,224,000. NVIDIA comprises approximately 2.1% of Griffith & Werner Inc.'s investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of NVDA. Wealth Management Strategies Inc. bought a new position in shares of NVIDIA during the fourth quarter worth approximately $338,000. Sunbeam Capital Management LLC bought a new position in NVIDIA during the 4th quarter worth $3,400,000. Michels Family Financial LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $466,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $12,534,000. Finally, Peak Retirement Planning Inc. bought a new stake in shares of NVIDIA in the fourth quarter valued at about $1,277,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Susquehanna reaffirmed a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Trading Up 1.2%

Shares of NVDA stock traded up $1.73 during trading hours on Friday, hitting $141.72. 153,481,622 shares of the company's stock traded hands, compared to its average volume of 280,663,387. The stock has a market cap of $3.46 trillion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The stock's 50 day simple moving average is $117.82 and its 200 day simple moving average is $126.42. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 earnings per share. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,257,983 shares of company stock worth $172,973,349 over the last ninety days. Insiders own 4.17% of the company's stock.

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.