Sloy Dahl & Holst LLC Has $23.14 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Sloy Dahl & Holst LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,725 shares of the computer hardware maker’s stock after selling 1,340 shares during the quarter. NVIDIA accounts for approximately 4.7% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its 3rd biggest holding. Sloy Dahl & Holst LLC’s holdings in NVIDIA were worth $23,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the fourth quarter worth $28,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA in the third quarter valued at about $30,000. O Brien Wealth Partners LLC boosted its holdings 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 buying an additional 53 shares during the period. Trivant Custom Portfolio Group LLC grew its stake in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after buying an additional 30 shares during the last quarter. Finally, Beacon Capital Management Inc. bought a new position in NVIDIA in the 4th quarter valued at about $50,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Up 3.7 %

NVDA stock opened at $826.32 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA Co. has a fifty-two week low of $266.25 and a fifty-two week high of $974.00. The stock’s 50 day simple moving average is $851.37 and its 200 day simple moving average is $632.39. The company has a market cap of $2.07 trillion, a P/E ratio of 69.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the firm posted $0.65 EPS. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. On average, research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NVDA. HSBC increased their price objective on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Oppenheimer raised their target price 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. Piper Sandler Companies increased their price target on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Loop Capital started coverage on NVIDIA in a research report on Friday, February 16th. They set a “buy” rating and a $1,200.00 target price for the company. Finally, Susquehanna reaffirmed a “positive” rating and set a $1,050.00 price objective on shares of NVIDIA in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $940.30.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 11,000 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the sale, the director now owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

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.