MONECO Advisors LLC grew its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,885 shares of the computer hardware maker's stock after acquiring an additional 11,048 shares during the period. NVIDIA comprises about 1.5% of MONECO Advisors LLC's portfolio, making the stock its 10th largest holding. MONECO Advisors LLC's holdings in NVIDIA were worth $14,488,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of NVDA. DORCHESTER WEALTH MANAGEMENT Co bought a new position in NVIDIA in the 4th quarter valued at about $2,595,000. Lansing Street Advisors grew its holdings in NVIDIA by 20.0% in the 4th quarter. Lansing Street Advisors now owns 3,268 shares of the computer hardware maker's stock valued at $439,000 after buying an additional 545 shares in the last quarter. Howard Capital Management Inc. increased its position in NVIDIA by 3.8% during the 4th quarter. Howard Capital Management Inc. now owns 635,044 shares of the computer hardware maker's stock worth $85,280,000 after buying an additional 22,998 shares during the period. New England Professional Planning Group Inc. lifted its holdings in shares of NVIDIA by 7.5% during the fourth quarter. New England Professional Planning Group Inc. now owns 3,815 shares of the computer hardware maker's stock worth $512,000 after buying an additional 265 shares in the last quarter. Finally, Matthew 25 Management Corp increased its holdings in shares of NVIDIA by 5.0% during the fourth quarter. Matthew 25 Management Corp now owns 420,000 shares of the computer hardware maker's stock worth $56,402,000 after purchasing an additional 20,000 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA Stock Down 1.2 %
Shares of NVIDIA stock traded down $1.29 during trading hours on Monday, reaching $108.38. The company's stock had a trading volume of 296,590,131 shares, compared to its average volume of 314,635,951. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock's fifty day simple moving average is $125.01 and its two-hundred day simple moving average is $131.61. The company has a market capitalization of $2.64 trillion, a P/E ratio of 42.65, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be 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 is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Bank of America reiterated a "buy" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Needham & Company LLC restated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Truist Financial raised their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $171.51.
Get Our Latest Analysis on NVDA
Insider Buying and Selling
In related news, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is owned by company insiders.
About NVIDIA
(
Free Report)
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.
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