NVIDIA Co. (NASDAQ:NVDA) Stake Raised by Wedmont Private Capital

Wedmont Private Capital increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 400,948 shares of the computer hardware maker's stock after acquiring an additional 25,146 shares during the quarter. NVIDIA comprises about 2.9% of Wedmont Private Capital's portfolio, making the stock its 10th largest holding. Wedmont Private Capital's holdings in NVIDIA were worth $54,493,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. boosted its holdings in shares of NVIDIA by 897.5% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 119,110 shares of the computer hardware maker's stock worth $14,715,000 after purchasing an additional 107,169 shares during the period. Truepoint Inc. raised its stake in shares of NVIDIA by 914.1% in the second quarter. Truepoint Inc. now owns 12,990 shares of the computer hardware maker's stock valued at $1,605,000 after acquiring an additional 11,709 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of NVIDIA by 683.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 238,829 shares of the computer hardware maker's stock worth $29,505,000 after acquiring an additional 208,362 shares during the last quarter. Palisade Asset Management LLC grew its holdings in NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares during the last quarter. Finally, Blue Square Asset Management LLC raised its position in NVIDIA by 26.7% in the 3rd quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock worth $5,840,000 after purchasing an additional 10,136 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NASDAQ:NVDA traded down $4.58 during trading hours on Friday, hitting $120.07. 387,846,098 shares of the stock were exchanged, compared to its average volume of 258,365,728. The company has a market cap of $2.94 trillion, a P/E ratio of 47.25, a P/E/G ratio of 2.23 and a beta of 1.64. The firm's fifty day moving average price is $136.58 and its 200 day moving average price is $129.31. NVIDIA Co. has a 52-week low of $60.70 and a 52-week high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company's revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is 1.57%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company's stock, valued at $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 in the last quarter. Company insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on NVIDIA from $155.00 to $170.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. UBS Group lifted their target price on NVIDIA from $150.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Stifel Nicolaus upped their price target on shares of NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Phillip Securities reiterated an "accumulate" rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Finally, Barclays upped their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $166.23.

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.