W.G. Shaheen & Associates DBA Whitney & Co Buys 2,370 Shares of NVIDIA Co. (NASDAQ:NVDA)

W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,582 shares of the computer hardware maker's stock after acquiring an additional 2,370 shares during the period. NVIDIA comprises 1.8% of W.G. Shaheen & Associates DBA Whitney & Co's investment portfolio, making the stock its 15th biggest holding. W.G. Shaheen & Associates DBA Whitney & Co's holdings in NVIDIA were worth $17,536,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NVDA. Edge Capital Group LLC raised its position in NVIDIA by 14.1% in the 4th quarter. Edge Capital Group LLC now owns 67,603 shares of the computer hardware maker's stock valued at $9,078,000 after buying an additional 8,357 shares during the last quarter. Wealthstream Advisors Inc. grew its stake in shares of NVIDIA by 3.8% in the 4th quarter. Wealthstream Advisors Inc. now owns 25,266 shares of the computer hardware maker's stock worth $3,393,000 after acquiring an additional 927 shares in the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of NVIDIA by 2.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 333,742 shares of the computer hardware maker's stock valued at $44,818,000 after purchasing an additional 6,685 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of NVIDIA by 34.6% in the fourth quarter. IFP Advisors Inc now owns 348,845 shares of the computer hardware maker's stock valued at $46,848,000 after purchasing an additional 89,751 shares during the last quarter. Finally, Shariaportfolio Inc. lifted its position in shares of NVIDIA by 1.7% during the fourth quarter. Shariaportfolio Inc. now owns 38,215 shares of the computer hardware maker's stock valued at $5,132,000 after purchasing an additional 638 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have commented on NVDA shares. Benchmark reiterated a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities restated a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.

NVIDIA Price Performance

NASDAQ NVDA traded up $1.77 on Tuesday, reaching $110.15. 216,699,398 shares of the company's stock traded hands, compared to its average volume of 314,275,604. The stock has a market cap of $2.69 trillion, a PE ratio of 43.35, a P/E/G ratio of 1.76 and a beta of 1.77. 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 Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The stock has a 50-day simple moving average of $124.42 and a 200 day simple moving average of $131.53.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 183,609 shares of company stock worth $22,642,615 in the last ninety days. 4.23% of the stock is owned by 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.