Kesler Norman & Wride LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 64,089 shares of the computer hardware maker's stock after buying an additional 4,207 shares during the period. NVIDIA accounts for approximately 1.9% of Kesler Norman & Wride LLC's portfolio, making the stock its 6th largest position. Kesler Norman & Wride LLC's holdings in NVIDIA were worth $8,607,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RFG Bristol Wealth Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $1,896,000. Meeder Advisory Services Inc. grew its position in NVIDIA by 4.4% in the 4th quarter. Meeder Advisory Services Inc. now owns 500,918 shares of the computer hardware maker's stock valued at $67,268,000 after buying an additional 20,964 shares during the last quarter. Allie Family Office LLC increased its stake in NVIDIA by 12.1% in the 4th quarter. Allie Family Office LLC now owns 14,571 shares of the computer hardware maker's stock valued at $1,925,000 after buying an additional 1,571 shares during the period. Scholtz & Company LLC boosted its holdings in shares of NVIDIA by 0.7% in the fourth quarter. Scholtz & Company LLC now owns 81,465 shares of the computer hardware maker's stock valued at $10,940,000 after acquiring an additional 592 shares in the last quarter. Finally, Alliance Wealth Management Group increased its stake in shares of NVIDIA by 4.1% during the fourth quarter. Alliance Wealth Management Group now owns 8,112 shares of the computer hardware maker's stock worth $1,089,000 after acquiring an additional 322 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
Insiders Place Their Bets
In related news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is owned by corporate insiders.
NVIDIA Trading Up 2.6 %
NVDA stock opened at $114.50 on Monday. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a market cap 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 company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $110.85 and a 200-day simple moving average of $128.08.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) 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 company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the company. Truist Financial boosted their target price on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, April 25th. Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Rosenblatt Securities lowered their target price on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.96.
Read Our Latest Report on NVDA
About NVIDIA
(
Free Report)
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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