NVIDIA Co. (NASDAQ:NVDA) is Mogy Joel R Investment Counsel Inc.’s 4th Largest Position

Mogy Joel R Investment Counsel Inc. lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 126,325 shares of the computer hardware maker’s stock after selling 1,446 shares during the quarter. NVIDIA accounts for 4.7% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 4th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in NVIDIA were worth $62,559,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in NVDA. Intact Investment Management Inc. raised its position in NVIDIA by 11.3% during the 4th quarter. Intact Investment Management Inc. now owns 7,900 shares of the computer hardware maker’s stock valued at $3,912,000 after purchasing an additional 800 shares during the last quarter. Russell Investments Group Ltd. increased its position in NVIDIA by 5.8% during the 4th quarter. Russell Investments Group Ltd. now owns 1,740,167 shares of the computer hardware maker’s stock valued at $861,766,000 after purchasing an additional 95,997 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of NVIDIA by 2.1% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 1,382 shares of the computer hardware maker’s stock valued at $684,000 after purchasing an additional 29 shares in the last quarter. White Pine Capital LLC raised its stake in NVIDIA by 18.1% in the fourth quarter. White Pine Capital LLC now owns 1,369 shares of the computer hardware maker’s stock worth $678,000 after buying an additional 210 shares in the last quarter. Finally, Cedar Point Capital Partners LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $230,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler raised their target price on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Bank of America increased their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Loop Capital assumed coverage on shares of NVIDIA in a report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective on the stock. Wolfe Research boosted their price target on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $910.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $941.55.

NVIDIA Trading Up 3.5 %

NVIDIA stock opened at $887.89 on Monday. 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 $272.40 and a 12-month high of $974.00. The firm has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 74.36, a P/E/G ratio of 1.27 and a beta of 1.75. The firm has a 50 day moving average of $867.38 and a 200 day moving average of $652.35.

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 business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the business posted $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last three months. 3.99% of the stock is currently owned by corporate insiders.

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.