Meeder Advisory Services Inc. Grows Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Meeder Advisory Services Inc. lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,918 shares of the computer hardware maker's stock after acquiring an additional 20,964 shares during the period. NVIDIA makes up about 4.2% of Meeder Advisory Services Inc.'s portfolio, making the stock its 4th largest holding. Meeder Advisory Services Inc.'s holdings in NVIDIA were worth $67,268,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling

In other news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % 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 worth $17,133,207 in the last ninety days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Up 2.6 %

NASDAQ:NVDA opened at $114.50 on Monday. 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 stock has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 45.06, a PEG ratio of 1.76 and a beta of 2.11. The firm has a fifty day simple moving average of $110.85 and a two-hundred day simple moving average of $128.08.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVDA. Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Bank of America cut their price objective on NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a report on Wednesday, March 19th. Finally, William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $164.96.

About NVIDIA

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.

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.