7,550 Shares in NVIDIA Co. (NASDAQ:NVDA) Purchased by Bradyco Inc.

Bradyco Inc. purchased a new position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,550 shares of the computer hardware maker's stock, valued at approximately $1,014,000. NVIDIA comprises about 0.7% of Bradyco Inc.'s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB increased its holdings in shares of NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after purchasing an additional 169,445 shares during the period. Wealth Group Ltd. grew its position in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after buying an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. increased its stake in NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares during the period. Swedbank AB raised its holdings in NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after acquiring an additional 1,868,358 shares in the last quarter. Finally, Boyd Wealth Management LLC bought a new stake in shares of NVIDIA during the 3rd quarter valued at $206,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. 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.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms recently commented on NVDA. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Mizuho lowered their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Bank of America reissued a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.39.

NVIDIA Stock Up 3.1 %

NASDAQ NVDA traded up $3.36 on Friday, hitting $110.93. 312,748,883 shares of the company were exchanged, compared to its average volume of 314,750,490. 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 company has a market cap of $2.71 trillion, a PE ratio of 43.66, a PEG ratio of 1.76 and a beta of 1.96. The stock has a fifty day moving average of $118.95 and a 200-day moving average of $130.36. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95.

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. As a group, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current 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 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

NVIDIA Company 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.