2,000 Shares in NVIDIA Co. (NASDAQ:NVDA) Acquired by Van Strum & Towne Inc.

Van Strum & Towne Inc. bought a new stake in NVIDIA Co. (NASDAQ:NVDA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,000 shares of the computer hardware maker’s stock, valued at approximately $269,000.

Several other large investors have also made changes to their positions in NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in NVIDIA during the 4th quarter worth $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of NVIDIA in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Piper Sandler reduced their price objective on shares of NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.51.

Insider Activity

In other news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Down 3.0 %

Shares of NASDAQ:NVDA opened at $101.33 on Friday. NVIDIA Co. has a 52-week low of $76.40 and a 52-week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company has a 50-day simple moving average of $116.56 and a 200 day simple moving average of $129.86.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 1.36%.

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.