Hoge Financial Services LLC Has $2.79 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Hoge Financial Services LLC grew its position in NVIDIA Co. (NASDAQ:NVDA) by 31.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,735 shares of the computer hardware maker’s stock after buying an additional 4,969 shares during the period. NVIDIA makes up 2.0% of Hoge Financial Services LLC’s portfolio, making the stock its 11th largest position. Hoge Financial Services LLC’s holdings in NVIDIA were worth $2,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $2,059,000. Rogco LP grew its holdings in shares of NVIDIA by 8.6% in the 4th quarter. Rogco LP now owns 15,070 shares of the computer hardware maker’s stock valued at $2,024,000 after buying an additional 1,193 shares during the period. JFS Wealth Advisors LLC grew its holdings in shares of NVIDIA by 4.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 15,947 shares of the computer hardware maker’s stock valued at $2,141,000 after buying an additional 700 shares during the period. Monument Capital Management grew its holdings in shares of NVIDIA by 14.4% in the 4th quarter. Monument Capital Management now owns 21,078 shares of the computer hardware maker’s stock valued at $2,831,000 after buying an additional 2,659 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its stake in NVIDIA by 1.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 451,628 shares of the computer hardware maker’s stock worth $60,649,000 after purchasing an additional 5,167 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday. Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Bank of America reaffirmed a “buy” rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday. Finally, Truist Financial upped their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

Insider Buying and Selling at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,109 shares of company stock worth $22,117,015 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $117.70 on Friday. The company’s 50 day moving average price is $126.92 and its two-hundred day moving average price is $131.02. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The firm has a market cap of $2.87 trillion, a PE ratio of 46.32, a PEG ratio of 1.76 and a beta of 1.77. 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 posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.36%.

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.