Shoker Investment Counsel Inc. Has $3.18 Million Stock Holdings in NVIDIA Corporation $NVDA

Shoker Investment Counsel Inc. increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,355 shares of the computer hardware maker’s stock after acquiring an additional 304 shares during the quarter. NVIDIA comprises about 1.1% of Shoker Investment Counsel Inc.’s investment portfolio, making the stock its 28th largest position. Shoker Investment Counsel Inc.’s holdings in NVIDIA were worth $3,182,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. lifted its stake in shares of NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock valued at $44,000 after acquiring an additional 254 shares during the period. Copia Wealth Management acquired a new position in shares of NVIDIA during the fourth quarter valued at $50,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of NVIDIA during the first quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its stake in shares of NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker’s stock valued at $53,000 after acquiring an additional 327 shares during the period. Finally, LSV Asset Management bought a new stake in NVIDIA in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 168,195 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $152.64, for a total transaction of $25,673,284.80. Following the completion of the transaction, the executive vice president directly owned 4,018,547 shares of the company’s stock, valued at approximately $613,391,014.08. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 935,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $140.92, for a total value of $131,760,200.00. Following the transaction, the director directly owned 9,214,697 shares of the company’s stock, valued at $1,298,535,101.24. This trade represents a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,912,440 shares of company stock valued at $902,886,782 over the last three months. 4.17% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 1.1%

NVDA stock opened at $181.77 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The stock has a market capitalization of $4.44 trillion, a P/E ratio of 58.64, a P/E/G ratio of 1.57 and a beta of 2.14. The business has a 50-day moving average of $168.81 and a 200-day moving average of $138.11. NVIDIA Corporation has a fifty-two week low of $86.62 and a fifty-two week high of $184.48.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 105.09% and a net margin of 51.69%.The firm’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. On average, sell-side analysts anticipate that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on NVDA. UBS Group upped their price objective on NVIDIA from $175.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Stifel Nicolaus upped their price objective on NVIDIA from $202.00 to $212.00 and gave the company a “buy” rating in a report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $240.00 price objective (up previously from $200.00) on shares of NVIDIA in a report on Monday, August 18th. Evercore ISI upped their price objective on NVIDIA from $190.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Finally, Wedbush upped their price objective on NVIDIA from $175.00 to $210.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $194.31.

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.