Dale Q Rice Investment Management Ltd Purchases Shares of 32,100 NVIDIA Co. (NASDAQ:NVDA)

Dale Q Rice Investment Management Ltd bought a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 32,100 shares of the computer hardware maker's stock, valued at approximately $4,311,000. NVIDIA accounts for 1.9% of Dale Q Rice Investment Management Ltd's investment portfolio, making the stock its 11th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC purchased a new position in shares of NVIDIA during the 2nd quarter valued at $27,000. Christopher J. Hasenberg Inc bought a new stake in NVIDIA in the third quarter worth $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA in the second quarter worth $31,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the fourth quarter worth $34,000. Finally, West Financial Advisors LLC bought a new stake in NVIDIA in the third quarter worth $36,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 0.8 %

NVDA stock traded up $1.05 during midday trading on Thursday, reaching $124.75. The company's stock had a trading volume of 390,509,528 shares, compared to its average volume of 292,494,438. NVIDIA Co. has a 52 week low of $60.70 and a 52 week high of $153.13. The stock has a market cap of $3.06 trillion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64. 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's 50-day simple moving average is $137.46 and its 200-day simple moving average is $129.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same period last year, the firm earned $0.38 earnings per share. The business's revenue for the quarter was up 93.6% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is presently 1.57%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NVDA shares. DA Davidson upped their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the stock a "hold" rating in a report on Thursday, November 21st. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a report on Wednesday, January 8th. Oppenheimer restated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, Susquehanna upped their price target on shares of NVIDIA from $160.00 to $180.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $166.23.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 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.