Hengehold Capital Management LLC Has $4.29 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Hengehold Capital Management LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,967 shares of the computer hardware maker’s stock after selling 390 shares during the quarter. Hengehold Capital Management LLC’s holdings in NVIDIA were worth $4,293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NVDA. Seneca House Advisors bought a new stake in NVIDIA in the 4th quarter valued at about $289,000. FCG Investment Co grew its stake in NVIDIA by 7.0% in the fourth quarter. FCG Investment Co now owns 69,862 shares of the computer hardware maker’s stock valued at $9,382,000 after acquiring an additional 4,565 shares during the period. Key Client Fiduciary Advisors LLC increased its holdings in shares of NVIDIA by 2.6% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 39,425 shares of the computer hardware maker’s stock valued at $5,294,000 after acquiring an additional 1,016 shares in the last quarter. Apeiron RIA LLC raised its position in shares of NVIDIA by 10.3% during the fourth quarter. Apeiron RIA LLC now owns 15,605 shares of the computer hardware maker’s stock worth $2,096,000 after purchasing an additional 1,451 shares during the period. Finally, Verde Capital Management lifted its holdings in shares of NVIDIA by 3.6% in the 4th quarter. Verde Capital Management now owns 53,041 shares of the computer hardware maker’s stock worth $7,123,000 after purchasing an additional 1,853 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on NVDA. Wells Fargo & Company boosted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Barclays boosted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Tigress Financial raised shares of NVIDIA from a “buy” rating to a “strong-buy” rating and raised their price target for the company from $170.00 to $220.00 in a research report on Tuesday, January 28th. Rosenblatt Securities reissued a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a report on Wednesday, January 8th. Finally, Wedbush raised their target price on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $166.23.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $138.85 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a fifty-two week low of $66.25 and a fifty-two week high of $153.13. The stock has a market cap of $3.40 trillion, a PE ratio of 54.64, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. The stock has a fifty day moving average of $134.52 and a 200-day moving average of $130.07.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

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.