Klingman & Associates LLC Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Klingman & Associates LLC lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,410 shares of the computer hardware maker’s stock after acquiring an additional 205 shares during the period. Klingman & Associates LLC’s holdings in NVIDIA were worth $1,193,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Campbell Newman Asset Management Inc. boosted its position in NVIDIA by 0.6% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock worth $1,481,000 after purchasing an additional 18 shares in the last quarter. Aprio Wealth Management LLC boosted its position in NVIDIA by 1.8% in the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock worth $523,000 after purchasing an additional 19 shares in the last quarter. Palumbo Wealth Management LLC boosted its position in NVIDIA by 0.7% in the 4th quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock worth $1,395,000 after purchasing an additional 19 shares in the last quarter. Corundum Group Inc. boosted its position in NVIDIA by 0.8% in the 4th quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker’s stock worth $1,179,000 after purchasing an additional 19 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in shares of NVIDIA by 0.3% during the 4th quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock worth $3,463,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. HSBC upped their target price on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Argus upped their target price on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Loop Capital initiated coverage on NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. Piper Sandler Companies upped their target price on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a research note on Tuesday, February 20th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Stock Down 10.0 %

Shares of NASDAQ:NVDA opened at $762.00 on Friday. The business has a 50-day moving average price of $844.71 and a 200 day moving average price of $623.54. 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 company has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 63.82, a PEG ratio of 1.22 and a beta of 1.73. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00.

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

NVIDIA Announces Dividend

The firm also recently disclosed 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Insider Buying and Selling

In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by insiders.

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.