NVIDIA Co. (NASDAQ:NVDA) is Richardson Capital Management LLC's 5th Largest Position

Richardson Capital Management LLC grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1,235.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 62,379 shares of the computer hardware maker's stock after purchasing an additional 57,709 shares during the period. NVIDIA makes up approximately 5.3% of Richardson Capital Management LLC's holdings, making the stock its 5th largest position. Richardson Capital Management LLC's holdings in NVIDIA were worth $8,377,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following 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 disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock worth $22,642,615 in the last ninety days. 4.23% of the stock is owned by company insiders.

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Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial upped their target price on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. HSBC lowered their price objective on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley set a $162.00 target price on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. Finally, Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $171.51.

NVIDIA Trading Down 1.4 %

Shares of NASDAQ:NVDA traded down $1.53 on Tuesday, hitting $106.85. 34,236,438 shares of the company's stock were exchanged, compared to its average volume of 313,591,417. The stock has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business's 50 day simple moving average is $124.42 and its two-hundred day simple moving average is $131.53.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

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.