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

Woodard & Co. Asset Management Group Inc. ADV increased its stake in NVIDIA Co. (NASDAQ:NVDA) by 159.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,855 shares of the computer hardware maker’s stock after purchasing an additional 2,982 shares during the period. NVIDIA makes up 0.7% of Woodard & Co. Asset Management Group Inc. ADV’s holdings, 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 filing with the SEC.

Other hedge funds also recently modified their holdings of the company. One Wealth Management Investment & Advisory Services LLC acquired a new stake in NVIDIA in the fourth quarter valued at about $4,064,000. Means Investment CO. Inc. boosted its stake in NVIDIA by 56.6% in the fourth quarter. Means Investment CO. Inc. now owns 20,049 shares of the computer hardware maker’s stock valued at $9,929,000 after buying an additional 7,247 shares in the last quarter. Zweig DiMenna Associates LLC boosted its stake in NVIDIA by 26.8% in the fourth quarter. Zweig DiMenna Associates LLC now owns 54,790 shares of the computer hardware maker’s stock valued at $27,133,000 after buying an additional 11,590 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its stake in NVIDIA by 56.0% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 961 shares of the computer hardware maker’s stock valued at $476,000 after buying an additional 345 shares in the last quarter. Finally, RKL Wealth Management LLC boosted its stake in NVIDIA by 6.7% in the fourth quarter. RKL Wealth Management LLC now owns 15,534 shares of the computer hardware maker’s stock valued at $7,693,000 after buying an additional 980 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the business’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 transaction, the director now directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by corporate insiders.

NVIDIA Trading Down 2.7 %

Shares of NVIDIA stock opened at $881.86 on Monday. The stock has a fifty day simple moving average of $830.93 and a 200 day simple moving average of $610.79. NVIDIA Co. has a 12-month low of $262.20 and a 12-month high of $974.00. The company has a market capitalization of $2.20 trillion, a P/E ratio of 73.86, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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 return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. On average, sell-side analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. Loop Capital initiated coverage on NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target on the stock. Wolfe Research lifted their price target on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. KeyCorp lifted their price target on NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Tigress Financial lifted their price target on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, Sanford C. Bernstein lifted their price target on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $926.30.

NVIDIA 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.