Nicholas Company Inc. Has $98.64 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Nicholas Company Inc. reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 734,502 shares of the computer hardware maker's stock after selling 66,753 shares during the quarter. NVIDIA comprises about 1.6% of Nicholas Company Inc.'s portfolio, making the stock its 7th biggest position. Nicholas Company Inc.'s holdings in NVIDIA were worth $98,636,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. First National Advisers LLC raised its position in NVIDIA by 2.7% during the 4th quarter. First National Advisers LLC now owns 216,582 shares of the computer hardware maker's stock worth $29,085,000 after buying an additional 5,736 shares during the last quarter. GWN Securities Inc. bought a new position in NVIDIA in the 4th quarter worth $17,075,000. Altus Wealth Group LLC grew its position in NVIDIA by 2.6% in the 4th quarter. Altus Wealth Group LLC now owns 19,126 shares of the computer hardware maker's stock worth $2,568,000 after purchasing an additional 490 shares during the last quarter. Strategic Financial Partners Ltd. acquired a new stake in NVIDIA in the 4th quarter worth $298,000. Finally, Northern Capital Management Inc. grew its position in NVIDIA by 2.3% in the 4th quarter. Northern Capital Management Inc. now owns 6,517 shares of the computer hardware maker's stock worth $875,000 after purchasing an additional 145 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on NVDA shares. Truist Financial raised their price target on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Finally, Citigroup reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.01.

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's 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 of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was 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 $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Up 3.1 %

Shares of NASDAQ NVDA traded up $3.13 during midday trading on Thursday, hitting $105.84. 69,429,898 shares of the company's stock were exchanged, compared to its average volume of 306,582,978. The firm's fifty day simple moving average is $114.42 and its 200-day simple moving average is $129.31. The company has a market cap of $2.58 trillion, a PE ratio of 41.50, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a twelve month low of $78.22 and a twelve 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.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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. 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 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's payout ratio is 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.