Schnieders Capital Management LLC Has $11.39 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Schnieders Capital Management LLC grew its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,790 shares of the computer hardware maker's stock after buying an additional 2,715 shares during the period. NVIDIA comprises 2.3% of Schnieders Capital Management LLC's portfolio, making the stock its 11th largest position. Schnieders Capital Management LLC's holdings in NVIDIA were worth $11,386,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter valued at approximately $40,000. Lowe Wealth Advisors LLC bought a new position in NVIDIA during the 4th quarter worth $46,000. 1620 Investment Advisors Inc. grew its stake in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after buying an additional 248 shares during the last quarter. Finally, Gleason Group Inc. increased its position in NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after buying an additional 148 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 7.8 %

Shares of NASDAQ:NVDA traded down $8.62 during trading on Thursday, reaching $101.80. 336,752,568 shares of the company traded hands, compared to its average volume of 312,764,944. The firm has a fifty day simple moving average of $123.07 and a 200 day simple moving average of $131.32. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The firm has a market cap of $2.48 trillion, a P/E ratio of 40.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. Analysts anticipate 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. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was 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 $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,609 shares of company stock worth $22,642,615. Insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NVDA shares. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Susquehanna reissued a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities restated a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho reduced their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $169.89.

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.