Simon Quick Advisors LLC Grows Position in NVIDIA Co. (NASDAQ:NVDA)

Simon Quick Advisors LLC grew its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,151 shares of the computer hardware maker’s stock after buying an additional 337 shares during the period. Simon Quick Advisors LLC’s holdings in NVIDIA were worth $3,541,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Oak Ridge Investments LLC grew its position in shares of NVIDIA by 0.7% in the fourth quarter. Oak Ridge Investments LLC now owns 66,427 shares of the computer hardware maker’s stock valued at $32,896,000 after purchasing an additional 430 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of NVIDIA by 112.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 38,896 shares of the computer hardware maker’s stock valued at $19,262,000 after purchasing an additional 20,625 shares during the period. Pacer Advisors Inc. grew its position in shares of NVIDIA by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 251,120 shares of the computer hardware maker’s stock valued at $124,360,000 after purchasing an additional 3,081 shares during the period. Steigerwald Gordon & Koch Inc. grew its position in shares of NVIDIA by 25.2% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 2,429 shares of the computer hardware maker’s stock valued at $1,203,000 after purchasing an additional 489 shares during the period. Finally, FSC Wealth Advisors LLC grew its position in shares of NVIDIA by 145.2% in the fourth quarter. FSC Wealth Advisors LLC now owns 304 shares of the computer hardware maker’s stock valued at $151,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 2.5 %

Shares of NVIDIA stock opened at $902.50 on Thursday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.26 trillion, a P/E ratio of 75.59, a P/E/G ratio of 1.33 and a beta of 1.73. NVIDIA Co. has a fifty-two week low of $258.50 and a fifty-two week high of $974.00. The business has a 50-day moving average price of $758.96 and a 200 day moving average price of $569.38.

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

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley lifted their target price on NVIDIA from $750.00 to $795.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Piper Sandler Companies lifted their target price on NVIDIA to $850.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Finally, Mizuho lifted their target price on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $908.68.

Read Our Latest Research Report on NVIDIA

Insider Activity

In other news, Director John Dabiri sold 128 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the transaction, the executive vice president now directly owns 48,360 shares in the company, valued at $24,180,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 128 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,352 shares of company stock valued at $64,853,077. 3.99% of the stock is currently owned by insiders.

About NVIDIA

(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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