Bragg Financial Advisors Inc Purchases 22,813 Shares of NVIDIA Co. (NASDAQ:NVDA)

Bragg Financial Advisors Inc lifted its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,688 shares of the computer hardware maker's stock after buying an additional 22,813 shares during the period. Bragg Financial Advisors Inc's holdings in NVIDIA were worth $15,133,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its stake in NVIDIA by 0.7% in the fourth quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after purchasing an additional 6,665,252 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of NVIDIA by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock worth $74,439,273,000 after buying an additional 9,468,786 shares during the period. Norges Bank bought a new stake in shares of NVIDIA in the 4th quarter valued at about $43,515,504,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NVIDIA by 3.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after acquiring an additional 6,526,200 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in NVIDIA by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock worth $20,315,409,000 after purchasing an additional 5,211,040 shares during the period. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were 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 directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $6.93 during midday trading on Tuesday, hitting $129.93. 327,417,936 shares of the company's stock traded hands, compared to its average volume of 296,175,948. The firm has a fifty day moving average of $110.40 and a 200 day moving average of $127.06. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 51.13, 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 results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on NVDA shares. UBS Group cut their target price on shares of NVIDIA from $180.00 to $175.00 and set a "buy" rating on the stock in a report on Monday. Bank of America cut their price target on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley lowered their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. KeyCorp set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Thursday, April 3rd. One equities research 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 given a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $164.84.

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.