DMKC Advisory Services LLC Acquires New Position in NVIDIA Co. (NASDAQ:NVDA)

DMKC Advisory Services LLC acquired a new stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 3,030 shares of the computer hardware maker's stock, valued at approximately $407,000.

A number of other hedge funds also recently made changes to their positions in NVDA. Capital Performance Advisors LLP lifted its position in shares of NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after acquiring an additional 9,944 shares in the last quarter. Palisade Asset Management LLC raised its stake in NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares during the period. SMART Wealth LLC lifted its holdings in NVIDIA by 289.5% in the 4th quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker's stock worth $9,711,000 after purchasing an additional 53,747 shares in the last quarter. Blue Square Asset Management LLC boosted its stake in NVIDIA by 26.7% in the 3rd quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock worth $5,840,000 after purchasing an additional 10,136 shares during the period. Finally, Wealthspire Advisors LLC grew its holdings in NVIDIA by 29.6% during the 4th quarter. Wealthspire Advisors LLC now owns 174,896 shares of the computer hardware maker's stock valued at $23,487,000 after buying an additional 39,944 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 7.4 %

NASDAQ:NVDA traded down $7.49 during mid-day trading on Friday, reaching $94.31. The company's stock had a trading volume of 529,399,816 shares, compared to its average volume of 312,806,578. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95. The stock has a fifty day moving average of $121.20 and a 200-day moving average of $131.07. The firm has a market capitalization of $2.30 trillion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. 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 0.04%. NVIDIA's dividend payout ratio is presently 1.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Barclays increased their price target on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Finally, HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Thursday. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $169.89.

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business'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 completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 183,609 shares of company stock valued at $22,642,615. Corporate 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.