Edge Capital Group LLC Has $9.08 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Edge Capital Group LLC raised its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,603 shares of the computer hardware maker's stock after buying an additional 8,357 shares during the quarter. Edge Capital Group LLC's holdings in NVIDIA were worth $9,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the 4th quarter worth about $34,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $40,000. DHJJ Financial Advisors Ltd. boosted its holdings in shares of NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after purchasing an additional 140 shares during the period. Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the 4th quarter valued at approximately $46,000. Finally, 1620 Investment Advisors Inc. increased its stake in NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after buying an additional 248 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock valued at $22,642,615 in the last ninety days. 4.23% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Barclays boosted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, January 17th. DA Davidson decreased their price objective on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Mizuho lowered their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. HSBC reduced their price target on NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $171.51.

NVIDIA Trading Up 1.6 %

NVDA stock traded up $1.77 during trading on Tuesday, hitting $110.15. The company had a trading volume of 216,699,398 shares, compared to its average volume of 314,275,604. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The business has a 50-day moving average of $124.42 and a 200-day moving average of $131.53. The stock has a market cap of $2.69 trillion, a PE ratio of 43.35, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $38.16 billion. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 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.