NVIDIA Co. (NASDAQ:NVDA) Shares Bought by DGS Capital Management LLC

DGS Capital Management LLC raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,708 shares of the computer hardware maker’s stock after purchasing an additional 966 shares during the period. NVIDIA comprises 1.1% of DGS Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. DGS Capital Management LLC’s holdings in NVIDIA were worth $2,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA during the 4th quarter worth about $28,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA during the 3rd quarter worth about $30,000. Trivant Custom Portfolio Group LLC raised 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 acquiring an additional 30 shares in the last quarter. O Brien Wealth Partners LLC raised its position in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares in the last quarter. Finally, Beacon Capital Management Inc. purchased a new position in NVIDIA during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on NVDA shares. JPMorgan Chase & Co. lifted their target price on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Citigroup lifted their target price on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. Tigress Financial lifted their target price on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Loop Capital assumed coverage on NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price target for the company. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Stock Down 3.3 %

Shares of NASDAQ:NVDA opened at $796.77 on Thursday. The stock’s 50-day moving average price is $849.38 and its two-hundred day moving average price is $631.03. 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 Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The firm has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.73, a PEG ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. On average, research analysts forecast that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last three months. Corporate insiders own 3.99% of the company’s stock.

NVIDIA 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.