Spreng Capital Management Inc. Boosts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Spreng Capital Management Inc. grew its position in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 28.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,125 shares of the computer hardware maker’s stock after acquiring an additional 918 shares during the quarter. NVIDIA accounts for approximately 1.3% of Spreng Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Spreng Capital Management Inc.’s holdings in NVIDIA were worth $2,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Dantai Capital Ltd boosted its holdings in NVIDIA by 10.2% during the 4th quarter. Dantai Capital Ltd now owns 7,505 shares of the computer hardware maker’s stock worth $3,717,000 after acquiring an additional 695 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in NVIDIA by 9.7% during the 4th quarter. Atlantic Union Bankshares Corp now owns 14,994 shares of the computer hardware maker’s stock worth $7,425,000 after acquiring an additional 1,331 shares during the last quarter. LifeSteps Financial Inc. boosted its holdings in NVIDIA by 3.9% during the 4th quarter. LifeSteps Financial Inc. now owns 4,672 shares of the computer hardware maker’s stock worth $2,314,000 after acquiring an additional 175 shares during the last quarter. Fulcrum Equity Management purchased a new position in NVIDIA during the 4th quarter worth $261,000. Finally, Symphony Financial Ltd. Co. boosted its holdings in NVIDIA by 169.2% during the 4th quarter. Symphony Financial Ltd. Co. now owns 20,047 shares of the computer hardware maker’s stock worth $9,928,000 after acquiring an additional 12,600 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now owns 50,961 shares in the company, valued at $24,696,719.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Debora Shoquist sold 5,676 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the completion of the sale, the executive vice president now owns 48,360 shares of the company’s stock, valued at $24,180,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the completion of the sale, the insider now directly owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 116,352 shares of company stock worth $74,815,227. Insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVDA. TD Cowen boosted their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Oppenheimer boosted their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Bank of America boosted their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Benchmark reissued a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Finally, Needham & Company LLC boosted their price target on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Get Our Latest Report on NVIDIA

NVIDIA Stock Down 1.0 %

Shares of NASDAQ NVDA opened at $894.52 on Wednesday. NVIDIA Co. has a one year low of $262.20 and a one year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm’s 50 day simple moving average is $784.77 and its two-hundred day simple moving average is $582.07. The stock has a market capitalization of $2.24 trillion, a P/E ratio of 74.92, a PEG ratio of 1.30 and a beta of 1.73.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue was up 265.3% on a year-over-year basis. As a group, analysts expect that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

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.

See Also

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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