NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Increased by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. grew its holdings in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 25.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,429 shares of the computer hardware maker’s stock after buying an additional 489 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in NVIDIA were worth $1,203,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NVDA. Norges Bank bought a new stake in shares of NVIDIA in the 4th quarter worth $3,900,874,000. Moneta Group Investment Advisors LLC raised its holdings in shares of NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock valued at $2,862,392,000 after acquiring an additional 19,574,443 shares during the period. Morgan Stanley boosted its holdings in shares of NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares during the period. Barclays PLC raised its holdings in shares of NVIDIA by 55.7% during the second quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after acquiring an additional 2,740,850 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in NVIDIA by 1.1% in the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after buying an additional 2,287,471 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $902.50 on Thursday. NVIDIA Co. has a 1-year low of $258.50 and a 1-year high of $974.00. The company has a 50 day moving average of $758.96 and a 200-day moving average of $569.38. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.59, a PEG ratio of 1.33 and a beta of 1.73.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue was up 265.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. On average, equities analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is 1.34%.

Insiders Place Their Bets

In other news, Director John Dabiri sold 128 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold a total of 105,352 shares of company stock valued at $64,853,077 in the last 90 days. 3.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several analyst reports. Susquehanna increased their target price on shares of NVIDIA from $850.00 to $1,050.00 and gave the stock a “positive” rating in a research report on Tuesday, March 19th. TD Cowen increased their price objective on NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. KeyCorp restated an “overweight” rating and issued a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Argus increased their price target on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Loop Capital began coverage on shares of NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $908.68.

Read Our Latest Stock Analysis on NVDA

NVIDIA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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