Nicolet Advisory Services LLC Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Nicolet Advisory Services LLC boosted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,609 shares of the computer hardware maker's stock after buying an additional 2,231 shares during the period. NVIDIA makes up about 1.1% of Nicolet Advisory Services LLC's holdings, making the stock its 19th biggest position. Nicolet Advisory Services LLC's holdings in NVIDIA were worth $12,315,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the 4th quarter valued at approximately $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on NVDA shares. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Barclays lowered their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Susquehanna reiterated a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $164.96.

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 debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50-day moving average of $110.85 and a 200-day moving average of $128.08. The company has a market cap of $2.79 trillion, a P/E ratio of 45.06, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for 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%. As a group, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $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. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

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.

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