Scissortail Wealth Management LLC Has $4.11 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Scissortail Wealth Management LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 113,240.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 30,602 shares of the computer hardware maker's stock after acquiring an additional 30,575 shares during the quarter. Scissortail Wealth Management LLC's holdings in NVIDIA were worth $4,110,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Sculptor Capital LP increased its stake in NVIDIA by 43.4% in the fourth quarter. Sculptor Capital LP now owns 476,000 shares of the computer hardware maker's stock valued at $63,922,000 after acquiring an additional 144,000 shares during the last quarter. Second Line Capital LLC boosted its holdings in shares of NVIDIA by 65.1% in the 4th quarter. Second Line Capital LLC now owns 31,792 shares of the computer hardware maker's stock valued at $4,269,000 after purchasing an additional 12,530 shares in the last quarter. Sender Co & Partners Inc. increased its stake in shares of NVIDIA by 398.9% in the 4th quarter. Sender Co & Partners Inc. now owns 8,501 shares of the computer hardware maker's stock valued at $1,142,000 after purchasing an additional 6,797 shares during the last quarter. Sentinus LLC raised its holdings in shares of NVIDIA by 5.7% during the 4th quarter. Sentinus LLC now owns 20,598 shares of the computer hardware maker's stock worth $2,766,000 after buying an additional 1,113 shares in the last quarter. Finally, Shay Capital LLC lifted its position in shares of NVIDIA by 115.7% during the 4th quarter. Shay Capital LLC now owns 11,000 shares of the computer hardware maker's stock worth $1,477,000 after buying an additional 5,900 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. 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. Rosenblatt Securities raised their price target on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday. DA Davidson upped their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday. Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Trading Down 3.5%

NVDA stock traded down $4.91 during mid-day trading on Friday, reaching $134.28. The company's stock had a trading volume of 332,224,842 shares, compared to its average volume of 285,804,787. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business's 50 day moving average price is $115.20 and its 200 day moving average price is $126.61. The company has a market cap of $3.28 trillion, a price-to-earnings ratio of 52.85, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

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

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last 90 days. 4.17% of the stock is currently owned by corporate 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.