NVIDIA Co. (NASDAQ:NVDA) is Buckingham Capital Management Inc.’s 8th Largest Position

Buckingham Capital Management Inc. boosted its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,749 shares of the computer hardware maker’s stock after acquiring an additional 3,959 shares during the quarter. NVIDIA accounts for 3.4% of Buckingham Capital Management Inc.’s holdings, making the stock its 8th largest position. Buckingham Capital Management Inc.’s holdings in NVIDIA were worth $29,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after acquiring an additional 140 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the fourth quarter valued at approximately $46,000. Finally, 1620 Investment Advisors Inc. increased its position in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after buying an additional 248 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $117.70 on Friday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The business’s fifty day simple moving average is $126.92 and its 200-day simple moving average is $131.18. The firm has a market cap of $2.87 trillion, a PE ratio of 46.32, a price-to-earnings-growth 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 announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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 $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.36%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,109 shares of company stock worth $22,117,015. 4.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on NVDA shares. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Wednesday. Barclays boosted their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Bank of America restated a “buy” rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday. DA Davidson cut their price objective on NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Wednesday. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

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.