Tucker Asset Management LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Tucker Asset Management LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,792 shares of the computer hardware maker’s stock after purchasing an additional 5,438 shares during the quarter. NVIDIA comprises about 1.5% of Tucker Asset Management LLC’s investment portfolio, making the stock its 7th largest position. Tucker Asset Management LLC’s holdings in NVIDIA were worth $13,670,000 at the end of the most recent quarter.

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

NVIDIA Price Performance

NASDAQ NVDA opened at $111.61 on Friday. The stock’s fifty day moving average price is $111.09 and its 200 day moving average price is $128.31. NVIDIA Co. has a 1 year low of $83.20 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market cap of $2.72 trillion, a price-to-earnings ratio of 43.92, a PEG ratio of 1.76 and a beta of 1.96.

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

NVIDIA Dividend Announcement

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

Insider Activity

In related news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % 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 in the last ninety days. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of a number of recent analyst reports. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Mizuho cut their price target on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Needham & Company LLC restated a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.96.

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.