Steigerwald Gordon & Koch Inc. Grows Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Steigerwald Gordon & Koch Inc. increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 25.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,429 shares of the computer hardware maker’s stock after purchasing an additional 489 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in NVIDIA were worth $1,203,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Peoples Financial Services CORP. purchased a new position in NVIDIA during the third quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA during the 3rd quarter valued at about $30,000. Quarry LP purchased a new stake in shares of NVIDIA in the first quarter valued at about $34,000. Compass Wealth Management LLC acquired a new stake in NVIDIA during the fourth quarter worth about $39,000. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NVDA shares. CICC Research started coverage on shares of NVIDIA in a research report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target on the stock. Citigroup upped their price target on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Cantor Fitzgerald reiterated an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Piper Sandler boosted their price objective on shares of NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Finally, Wells Fargo & Company lifted their price target on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $908.68.

Insider Activity

In other NVIDIA news, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the sale, the executive vice president now directly owns 48,360 shares of the company’s stock, valued at approximately $24,180,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction on Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the transaction, the executive vice president now directly owns 48,360 shares in the company, valued at approximately $24,180,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 128 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,352 shares of company stock valued at $64,853,077. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Down 2.5 %

Shares of NASDAQ NVDA opened at $902.50 on Thursday. The business has a 50-day moving average price of $758.96 and a 200 day moving average price of $569.38. The stock has a market cap of $2.26 trillion, a PE ratio of 75.59, a price-to-earnings-growth ratio of 1.33 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 Co. has a 52-week low of $258.50 and a 52-week high of $974.00.

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

NVIDIA Dividend Announcement

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

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.