Nelson Capital Management LLC Raises Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Nelson Capital Management LLC boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,737 shares of the computer hardware maker’s stock after acquiring an additional 60 shares during the quarter. NVIDIA makes up approximately 12.0% of Nelson Capital Management LLC’s holdings, making the stock its biggest holding. Nelson Capital Management LLC’s holdings in NVIDIA were worth $53,849,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the 4th quarter worth about $28,000. Peoples Financial Services CORP. bought a new position in shares of NVIDIA in the 3rd quarter valued at about $30,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA in the 3rd quarter valued at about $30,000. Quarry LP bought a new position in shares of NVIDIA in the 1st quarter valued at about $34,000. Finally, Compass Wealth Management LLC bought a new position in shares of NVIDIA in the 4th quarter valued at about $39,000. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $840.35 on Thursday. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 70.38, a PEG ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The company’s fifty day simple moving average is $840.89 and its 200 day simple moving average is $618.47. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm’s revenue for the quarter 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, research analysts forecast that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction 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 transaction, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 over the last ninety days. 3.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVDA. Wells Fargo & Company raised their target price on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Tigress Financial raised their target price on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Sanford C. Bernstein lifted their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group lifted their price objective on shares of NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, HSBC lifted their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

About NVIDIA

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.