Cookson Peirce & Co. Inc. Has $5.43 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Cookson Peirce & Co. Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.1% in the 4th quarter, HoldingsChannel reports. The firm owned 10,972 shares of the computer hardware maker’s stock after selling 588 shares during the period. Cookson Peirce & Co. Inc.’s holdings in NVIDIA were worth $5,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Lodestar Private Asset Management LLC increased its position in shares of NVIDIA by 1.0% in the fourth quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock worth $818,000 after purchasing an additional 17 shares during the period. Campbell Newman Asset Management Inc. grew its position in NVIDIA by 0.6% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock valued at $1,481,000 after acquiring an additional 18 shares during the last quarter. Aprio Wealth Management LLC grew its position in NVIDIA by 1.8% in the fourth quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after acquiring an additional 19 shares during the last quarter. Palumbo Wealth Management LLC grew its position in NVIDIA by 0.7% in the fourth quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock valued at $1,395,000 after acquiring an additional 19 shares during the last quarter. Finally, Corundum Group Inc. grew its position in NVIDIA by 0.8% in the fourth quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker’s stock valued at $1,179,000 after acquiring an additional 19 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last quarter. 3.99% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NVDA. Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Evercore ISI began coverage on NVIDIA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 target price on the stock. Benchmark reissued a “buy” rating and set a $1,000.00 price target on shares of NVIDIA in a research note on Wednesday, March 20th. Oppenheimer lifted their price target on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, Wedbush reissued an “outperform” rating and set a $1,000.00 price target on shares of NVIDIA in a research note on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Trading Down 3.3 %

NASDAQ NVDA opened at $796.77 on Thursday. The company has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00. The business has a 50 day moving average price of $849.38 and a 200-day moving average price of $631.03. 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:NVDA) last released its quarterly earnings data 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. 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 quarter in the previous year, the company posted $0.65 earnings per share. As a group, equities analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

NVIDIA Company Profile

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.