Gruss & Co. LLC Has $1.07 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Gruss & Co. LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 166.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the computer hardware maker's stock after purchasing an additional 5,000 shares during the quarter. NVIDIA comprises about 4.6% of Gruss & Co. LLC's holdings, making the stock its 9th biggest holding. Gruss & Co. LLC's holdings in NVIDIA were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in NVIDIA during the 4th quarter valued at about $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the fourth quarter valued at $40,000. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $46,000. 1620 Investment Advisors Inc. increased its stake in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after purchasing an additional 248 shares in the last quarter. Finally, Gleason Group Inc. raised its holdings in NVIDIA by 52.9% during the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock valued at $58,000 after acquiring an additional 148 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research reports. Susquehanna reaffirmed a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson decreased their price target on NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, March 20th. TD Cowen lowered their price objective on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Six 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.39.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction 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 of the company's stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last ninety days. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Up 3.1 %

NVDA stock traded up $3.36 during mid-day trading on Friday, reaching $110.93. The company had a trading volume of 312,748,883 shares, compared to its average volume of 314,751,968. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The company has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 43.66, a PEG ratio of 1.76 and a beta of 1.96. The stock has a 50 day simple moving average of $118.95 and a two-hundred day simple moving average of $130.36. 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 (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 for the quarter, topping the consensus estimate of $0.84 by $0.05. The business 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%. As a group, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid 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 was Wednesday, March 12th. NVIDIA's payout ratio is 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.