NVIDIA Co. (NASDAQ:NVDA) is Thompson Davis & CO. Inc.'s 9th Largest Position

Thompson Davis & CO. Inc. increased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 46.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,455 shares of the computer hardware maker's stock after buying an additional 3,615 shares during the quarter. NVIDIA accounts for about 1.0% of Thompson Davis & CO. Inc.'s investment portfolio, making the stock its 9th largest position. Thompson Davis & CO. Inc.'s holdings in NVIDIA were worth $1,537,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 4th quarter valued at about $34,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA in the fourth quarter worth approximately $40,000. DHJJ Financial Advisors Ltd. increased its stake in shares of NVIDIA by 70.0% in the third 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 stake in shares of NVIDIA during the 4th quarter valued at $46,000. Finally, 1620 Investment Advisors Inc. lifted its stake in shares of NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after buying an additional 248 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NASDAQ:NVDA traded down $3.95 during midday trading on Monday, hitting $105.72. 165,878,439 shares of the stock were exchanged, compared to its average volume of 314,143,137. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $125.01 and a 200-day moving average price of $131.61. The stock has a market cap of $2.58 trillion, a P/E ratio of 41.59, a PEG 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 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NVDA shares. Truist Financial increased their price target on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Benchmark reissued a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Morgan Stanley set a $162.00 price target on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $171.51.

Insider Transactions at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock worth $22,642,615 over the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Company 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.