Scott & Selber Inc. Decreases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Scott & Selber Inc. trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,626 shares of the computer hardware maker’s stock after selling 233 shares during the quarter. NVIDIA accounts for about 4.2% of Scott & Selber Inc.’s holdings, making the stock its 3rd largest position. Scott & Selber Inc.’s holdings in NVIDIA were worth $11,205,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. RWA Wealth Partners LLC grew its position in NVIDIA by 866.3% during the fourth quarter. RWA Wealth Partners LLC now owns 26,767 shares of the computer hardware maker’s stock worth $13,255,000 after buying an additional 23,997 shares in the last quarter. Townsend Asset Management Corp NC ADV grew its position in NVIDIA by 5.9% during the fourth quarter. Townsend Asset Management Corp NC ADV now owns 2,320 shares of the computer hardware maker’s stock worth $1,149,000 after buying an additional 130 shares in the last quarter. Mengis Capital Management Inc. grew its position in NVIDIA by 5.2% during the fourth quarter. Mengis Capital Management Inc. now owns 811 shares of the computer hardware maker’s stock worth $402,000 after buying an additional 40 shares in the last quarter. Monument Capital Management grew its position in NVIDIA by 7.3% during the fourth quarter. Monument Capital Management now owns 1,820 shares of the computer hardware maker’s stock worth $901,000 after buying an additional 124 shares in the last quarter. Finally, Elite Life Management LLC purchased a new position in NVIDIA during the fourth quarter worth about $615,000. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVDA has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their target price on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Loop Capital began coverage on NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective for the company. Wolfe Research upped their price objective on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Argus upped their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Finally, Raymond James upped their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 11th. 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. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $941.55.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction 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 completion of the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction on 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 sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by insiders.

NVIDIA Trading Down 3.9 %

NVDA opened at $830.41 on Thursday. The business has a 50 day moving average of $863.93 and a 200-day moving average of $644.83. The stock has a market cap of $2.08 trillion, a PE ratio of 69.55, a PEG ratio of 1.26 and a beta of 1.73. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00. 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 announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 earnings per share. Equities research analysts predict that NVIDIA Co. will post 22.55 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 paid a dividend of $0.04 per share. 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%.

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.