NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Dagco Inc.

Dagco Inc. cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 36.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,316 shares of the computer hardware maker’s stock after selling 3,578 shares during the quarter. Dagco Inc.’s holdings in NVIDIA were worth $848,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Canada Post Corp Registered Pension Plan purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $59,880,000. Defined Financial Planning LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $2,396,000. LaSalle St. Investment Advisors LLC increased its position in shares of NVIDIA by 175.5% in the 4th quarter. LaSalle St. Investment Advisors LLC now owns 57,048 shares of the computer hardware maker’s stock valued at $7,661,000 after purchasing an additional 36,341 shares during the last quarter. Broyhill Asset Management purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $1,027,000. Finally, Strategies Wealth Advisors LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $3,283,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $129.93 on Wednesday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $110.79 and a two-hundred day moving average price of $127.08. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a market capitalization of $3.18 trillion, a P/E ratio of 51.13, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Finally, Hsbc Global Res cut shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $164.84.

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.