Morse Asset Management Inc Has $27.43 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Morse Asset Management Inc grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,257 shares of the computer hardware maker's stock after buying an additional 2,203 shares during the period. NVIDIA makes up 6.3% of Morse Asset Management Inc's holdings, making the stock its biggest position. Morse Asset Management Inc's holdings in NVIDIA were worth $27,430,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the fourth quarter worth $40,000. LSV Asset Management bought a new position in shares of NVIDIA in the fourth quarter worth $54,000. Finally, Gleason Group Inc. increased its position in shares of NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after purchasing an additional 148 shares during the period. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Wedbush restated an "outperform" rating on shares of NVIDIA in a research report on Thursday. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Truist Financial raised their price objective on NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $171.66.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's 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 owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.17% of the stock is owned by company insiders.

NVIDIA Trading Down 3.5%

Shares of NVIDIA stock traded down $4.91 during midday trading on Friday, reaching $134.28. The company had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. The stock has a fifty day moving average price of $115.48 and a 200 day moving average price of $126.38. 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 firm has a market cap of $3.28 trillion, a PE ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.

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

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.