NVIDIA Co. (NASDAQ:NVDA) Position Lowered by Jacobs & Co. CA

Jacobs & Co. CA lowered its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,135 shares of the computer hardware maker’s stock after selling 350 shares during the quarter. NVIDIA comprises about 2.4% of Jacobs & Co. CA’s holdings, making the stock its 5th biggest holding. Jacobs & Co. CA’s holdings in NVIDIA were worth $20,866,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA during the 3rd quarter worth about $30,000. Your Advocates Ltd. LLP purchased a new position in NVIDIA during the third quarter worth about $30,000. Quarry LP acquired a new stake in shares of NVIDIA during the first quarter valued at about $34,000. Compass Wealth Management LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $39,000. Finally, Trivant Custom Portfolio Group LLC boosted its position in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on NVDA shares. Truist Financial upped their price target on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Argus raised their target price on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. UBS Group boosted their price target on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. KeyCorp reissued an “overweight” rating and issued a $1,100.00 price objective on shares of NVIDIA in a research note on Tuesday, March 19th. Finally, 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 report on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Get Our Latest Stock Report on NVIDIA

NVIDIA Trading Up 0.1 %

NVDA opened at $903.56 on Friday. The firm has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. NVIDIA Co. has a 52 week low of $262.20 and a 52 week high of $974.00. The business’s 50 day moving average is $772.45 and its two-hundred day moving average is $574.01. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

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

NVIDIA Announces Dividend

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 $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 36,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the transaction, the director now owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 36,000 shares of NVIDIA stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total value of $19,690,200.00. Following the sale, the director now owns 1,134,583 shares of the company’s stock, valued at $620,560,171.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total transaction of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares of the company’s stock, valued at $24,696,719.82. The disclosure for this sale can be found here. Insiders sold a total of 105,352 shares of company stock valued at $64,853,077 in the last ninety days. Insiders own 3.99% of the company’s stock.

NVIDIA 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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