Woodard & Co. Asset Management Group Inc. ADV Buys 2,982 Shares of NVIDIA Co. (NASDAQ:NVDA)

Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in NVIDIA Co. (NASDAQ:NVDA) by 159.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,855 shares of the computer hardware maker’s stock after acquiring an additional 2,982 shares during the period. NVIDIA accounts for about 0.7% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 27th biggest holding. Woodard & Co. Asset Management Group Inc. ADV’s holdings in NVIDIA were worth $2,404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. One Wealth Management Investment & Advisory Services LLC bought a new position in shares of NVIDIA in the fourth quarter worth about $4,064,000. Means Investment CO. Inc. boosted its stake in shares of NVIDIA by 56.6% in the fourth quarter. Means Investment CO. Inc. now owns 20,049 shares of the computer hardware maker’s stock worth $9,929,000 after acquiring an additional 7,247 shares during the period. Zweig DiMenna Associates LLC boosted its stake in shares of NVIDIA by 26.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 54,790 shares of the computer hardware maker’s stock worth $27,133,000 after acquiring an additional 11,590 shares during the period. Mainstay Capital Management LLC ADV lifted its position in shares of NVIDIA by 56.0% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 961 shares of the computer hardware maker’s stock worth $476,000 after buying an additional 345 shares in the last quarter. Finally, RKL Wealth Management LLC lifted its position in shares of NVIDIA by 6.7% in the fourth quarter. RKL Wealth Management LLC now owns 15,534 shares of the computer hardware maker’s stock worth $7,693,000 after buying an additional 980 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 2.7 %

Shares of NASDAQ NVDA opened at $881.86 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. The stock has a market capitalization of $2.20 trillion, a PE ratio of 73.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73. The stock’s fifty day simple moving average is $830.93 and its two-hundred day simple moving average is $610.79. NVIDIA Co. has a 12-month low of $262.20 and a 12-month high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. As a group, analysts expect that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. UBS Group boosted their target price on NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Mizuho boosted their target price on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Piper Sandler Companies boosted their target price on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Susquehanna reiterated a “positive” rating and issued a $1,050.00 target price on shares of NVIDIA in a research report on Thursday, April 4th. Finally, Truist Financial upped their price objective on NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average price target of $926.30.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock valued at $52,689,898. 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.