NVIDIA Co. (NASDAQ:NVDA) Position Boosted by Total Investment Management Inc.

Total Investment Management Inc. raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,690 shares of the computer hardware maker’s stock after acquiring an additional 122 shares during the period. NVIDIA makes up 0.1% of Total Investment Management Inc.’s holdings, making the stock its 26th largest position. Total Investment Management Inc.’s holdings in NVIDIA were worth $837,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Progressive Investment Management Corp increased its position in shares of NVIDIA by 764.2% during the 3rd quarter. Progressive Investment Management Corp now owns 11,295 shares of the computer hardware maker’s stock valued at $4,913,000 after purchasing an additional 9,988 shares during the period. Investment Advisory Services Inc. TX ADV boosted its stake in NVIDIA by 24.6% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 623 shares of the computer hardware maker’s stock valued at $271,000 after buying an additional 123 shares in the last quarter. ACT Advisors LLC. acquired a new position in NVIDIA during the third quarter worth about $257,000. Zullo Investment Group Inc. lifted its holdings in NVIDIA by 1.0% in the 3rd quarter. Zullo Investment Group Inc. now owns 14,140 shares of the computer hardware maker’s stock valued at $6,151,000 after acquiring an additional 138 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC boosted its position in shares of NVIDIA by 23.8% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 4,588 shares of the computer hardware maker’s stock valued at $1,996,000 after purchasing an additional 881 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 22,700 shares of the 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 completion of the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The disclosure for this sale can be found here. In the last three months, insiders sold 61,278 shares of company stock valued at $52,689,898. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 3.5 %

NASDAQ NVDA opened at $887.89 on Friday. NVIDIA Co. has a twelve month low of $272.40 and a twelve month high of $974.00. The stock has a market cap of $2.22 trillion, a PE ratio of 74.36, a PEG ratio of 1.27 and a beta of 1.75. The firm has a 50-day simple moving average of $867.38 and a 200 day simple moving average of $649.27. 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 (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. On average, research analysts forecast that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. 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 dividend payout ratio is 1.34%.

Analyst Ratings Changes

Several research firms recently commented on NVDA. HSBC raised their target price on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Argus raised their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. DA Davidson boosted their target price on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Deutsche Bank Aktiengesellschaft increased their price target on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Finally, CICC Research began coverage on NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective on the stock. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $941.55.

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.