NVIDIA Co. (NASDAQ:NVDA) is KLCM Advisors Inc.’s Largest Position

KLCM Advisors Inc. reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,643,988 shares of the computer hardware maker’s stock after selling 4,657 shares during the period. NVIDIA comprises 25.6% of KLCM Advisors Inc.’s portfolio, making the stock its largest holding. KLCM Advisors Inc.’s holdings in NVIDIA were worth $220,771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Rational Advisors LLC boosted its position in shares of NVIDIA by 38.0% in the fourth quarter. Rational Advisors LLC now owns 12,690 shares of the computer hardware maker’s stock worth $1,704,000 after purchasing an additional 3,497 shares during the period. Catalyst Capital Advisors LLC boosted its position in shares of NVIDIA by 31.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 9,944 shares of the computer hardware maker’s stock worth $1,335,000 after purchasing an additional 2,397 shares during the period. Retirement Income Solutions Inc boosted its position in shares of NVIDIA by 6.0% in the fourth quarter. Retirement Income Solutions Inc now owns 8,911 shares of the computer hardware maker’s stock worth $1,197,000 after purchasing an additional 503 shares during the period. Macroview Investment Management LLC boosted its position in shares of NVIDIA by 2.9% in the fourth quarter. Macroview Investment Management LLC now owns 3,434 shares of the computer hardware maker’s stock worth $461,000 after purchasing an additional 96 shares during the period. Finally, Americana Partners LLC boosted its position in shares of NVIDIA by 16.0% in the fourth quarter. Americana Partners LLC now owns 241,666 shares of the computer hardware maker’s stock worth $32,453,000 after purchasing an additional 33,355 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Trading Down 0.7 %

NVDA stock opened at $117.70 on Friday. The company has a market capitalization of $2.87 trillion, a PE ratio of 46.32, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The firm’s 50-day moving average is $126.92 and its 200 day moving average is $131.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,109 shares of company stock valued at $22,117,015 in the last 90 days. Company insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NVDA shares. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday. Mizuho dropped their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Rosenblatt Securities restated a “buy” rating and set a $220.00 target price on shares of NVIDIA in a research report on Wednesday. Finally, Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the stock an “overweight” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

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.