Moloney Securities Asset Management LLC Purchases 5,764 Shares of NVIDIA Co. (NASDAQ:NVDA)

Moloney Securities Asset Management LLC raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,906 shares of the computer hardware maker’s stock after acquiring an additional 5,764 shares during the quarter. NVIDIA makes up 2.6% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Moloney Securities Asset Management LLC’s holdings in NVIDIA were worth $19,057,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AMF Tjanstepension AB lifted its position in NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after buying an additional 169,445 shares during the period. Perkins Coie Trust Co raised its holdings in NVIDIA by 3,362.4% in the third quarter. Perkins Coie Trust Co now owns 31,508 shares of the computer hardware maker’s stock valued at $3,826,000 after buying an additional 30,598 shares during the period. Barlow Wealth Partners Inc. raised its stake in shares of NVIDIA by 79.9% in the 3rd quarter. Barlow Wealth Partners Inc. now owns 126,397 shares of the computer hardware maker’s stock valued at $16,143,000 after acquiring an additional 56,147 shares during the period. Eagle Wealth Strategies LLC lifted its stake in shares of NVIDIA by 10.4% during the third quarter. Eagle Wealth Strategies LLC now owns 9,334 shares of the computer hardware maker’s stock worth $1,133,000 after purchasing an additional 883 shares in the last quarter. Finally, First National Corp MA ADV lifted its position in NVIDIA by 3.1% during the 3rd quarter. First National Corp MA ADV now owns 12,863 shares of the computer hardware maker’s stock worth $1,562,000 after acquiring an additional 389 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 price objective (up previously from $152.00) on shares of NVIDIA in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Robert W. Baird raised their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Barclays lifted their price target on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.69.

NVIDIA Trading Down 5.1 %

Shares of NASDAQ NVDA opened at $106.98 on Tuesday. The stock has a market capitalization of $2.61 trillion, a P/E ratio of 42.10, a PEG ratio of 1.76 and a beta of 1.77. The stock’s 50 day moving average price is $131.05 and its two-hundred day moving average price is $131.57. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 in the last 90 days. 4.23% of the stock is currently owned by insiders.

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.