DMKC Advisory Services LLC Takes $407,000 Position in NVIDIA Co. (NASDAQ:NVDA)

DMKC Advisory Services LLC purchased a new position in NVIDIA Co. (NASDAQ:NVDA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,030 shares of the computer hardware maker's stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Clear Street Derivatives LLC acquired a new stake in shares of NVIDIA during the third quarter worth about $4,589,905,000. Geode Capital Management LLC raised its holdings in NVIDIA by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after purchasing an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NVIDIA by 3.8% in the third 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 purchasing an additional 6,526,200 shares during the period. National Pension Service increased its stake in NVIDIA by 14.9% during the 3rd quarter. National Pension Service now owns 47,220,708 shares of the computer hardware maker's stock worth $5,734,483,000 after buying an additional 6,118,674 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in NVIDIA by 57.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,571,355 shares of the computer hardware maker's stock valued at $1,648,105,000 after purchasing an additional 4,965,442 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

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Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares of the company's stock, valued at $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 a total of 183,609 shares of company stock valued at $22,642,615 in the last 90 days. 4.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NVDA shares. Barclays upped their price target on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, January 17th. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Truist Financial upped their price target on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $169.89.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $8.62 during trading hours on Thursday, hitting $101.80. 335,022,532 shares of the company's stock were exchanged, compared to its average volume of 312,976,744. The stock has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 40.06, a PEG ratio of 1.76 and a beta of 1.77. The company's 50-day moving average price is $123.07 and its 200-day moving average price is $131.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1-year low of $75.61 and a 1-year 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, 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 return on equity of 114.83% and a net margin of 55.69%. On average, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal 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 of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

About NVIDIA

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.