PDS Planning Inc Purchases 4,975 Shares of NVIDIA Co. (NASDAQ:NVDA)

PDS Planning Inc raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,166 shares of the computer hardware maker’s stock after purchasing an additional 4,975 shares during the quarter. NVIDIA accounts for approximately 1.6% of PDS Planning Inc’s portfolio, making the stock its 14th largest position. PDS Planning Inc’s holdings in NVIDIA were worth $18,420,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms recently commented on NVDA. William Blair reissued an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Piper Sandler cut their target price on NVIDIA from $175.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.01.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last 90 days. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 2.0 %

Shares of NASDAQ NVDA opened at $98.89 on Wednesday. The business has a 50-day moving average of $115.15 and a 200-day moving average of $129.50. The firm has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 38.92, a PEG ratio of 1.76 and a beta of 1.96. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $78.22 and a 12 month high of $195.95.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s payout ratio is 1.36%.

NVIDIA Company 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.