Mcdaniel Terry & Co. Lowers Position in NVIDIA Co. (NASDAQ:NVDA)

Mcdaniel Terry & Co. decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,925 shares of the computer hardware maker’s stock after selling 20 shares during the period. Mcdaniel Terry & Co.’s holdings in NVIDIA were worth $1,449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rappaport Reiches Capital Management LLC lifted its stake in shares of NVIDIA by 39.1% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 4,404 shares of the computer hardware maker’s stock valued at $2,181,000 after purchasing an additional 1,239 shares during the period. Alpine Woods Capital Investors LLC lifted its stake in shares of NVIDIA by 118.3% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 11,995 shares of the computer hardware maker’s stock valued at $5,940,000 after purchasing an additional 6,500 shares during the period. Canal Capital Management LLC lifted its stake in shares of NVIDIA by 5.4% in the fourth quarter. Canal Capital Management LLC now owns 10,247 shares of the computer hardware maker’s stock valued at $5,074,000 after purchasing an additional 529 shares during the period. Venture Visionary Partners LLC lifted its stake in shares of NVIDIA by 9.8% in the fourth quarter. Venture Visionary Partners LLC now owns 18,746 shares of the computer hardware maker’s stock valued at $9,284,000 after purchasing an additional 1,667 shares during the period. Finally, Cadinha & Co. LLC lifted its stake in shares of NVIDIA by 4.8% in the fourth quarter. Cadinha & Co. LLC now owns 23,355 shares of the computer hardware maker’s stock valued at $11,566,000 after purchasing an additional 1,064 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $881.86 on Friday. NVIDIA Co. has a 52-week low of $262.20 and a 52-week high of $974.00. The firm has a fifty day moving average of $830.93 and a 200-day moving average of $608.17. The firm has a market capitalization of $2.20 trillion, a P/E ratio of 73.86, a PEG ratio of 1.31 and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. As a group, analysts predict that NVIDIA Co. will post 22.45 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last 90 days. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NVDA. Sanford C. Bernstein raised their price objective on shares of NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Stifel Nicolaus restated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a research report on Tuesday, February 20th. Bank of America lifted their target price on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $926.30.

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.