Schwarz Dygos Wheeler Investment Advisors LLC Has $684,000 Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,382 shares of the computer hardware maker’s stock after acquiring an additional 29 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in NVIDIA were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NVDA. Moody Lynn & Lieberson LLC grew its stake in shares of NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after buying an additional 5,998 shares in the last quarter. TrueMark Investments LLC acquired a new stake in NVIDIA in the fourth quarter valued at approximately $2,639,000. McLean Asset Management Corp grew its position in NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after acquiring an additional 186 shares in the last quarter. Cornercap Investment Counsel Inc. increased its stake in shares of NVIDIA by 5.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock worth $1,931,000 after purchasing an additional 209 shares during the last quarter. Finally, Shilanski & Associates Inc. raised its holdings in shares of NVIDIA by 15.9% during the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after purchasing an additional 410 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were 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 of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now directly owns 1,119,583 shares in the company, valued at $896,494,891.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NVDA. JPMorgan Chase & Co. increased their target price on shares of NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 price objective on shares of NVIDIA in a research note on Tuesday, February 20th. CICC Research started coverage on NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target on the stock. Benchmark restated a “buy” rating and issued a $1,000.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Finally, Truist Financial raised their target price on shares of NVIDIA from $911.00 to $1,177.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

NVIDIA Trading Up 3.5 %

Shares of NVDA stock opened at $887.89 on Monday. The company has a market capitalization of $2.22 trillion, a P/E ratio of 74.36, a P/E/G ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a 12-month low of $272.40 and a 12-month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $867.38 and a 200 day moving average price of $652.35.

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, topping the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue was up 265.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Research analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

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.