Middleton & Co. Inc. MA Boosts Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Middleton & Co. Inc. MA raised its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,810 shares of the computer hardware maker’s stock after purchasing an additional 650 shares during the quarter. Middleton & Co. Inc. MA’s holdings in NVIDIA were worth $2,123,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Richard W. Paul & Associates LLC boosted its holdings in shares of NVIDIA by 4.4% in the fourth quarter. Richard W. Paul & Associates LLC now owns 22,139 shares of the computer hardware maker’s stock valued at $2,973,000 after acquiring an additional 929 shares in the last quarter. Metis Global Partners LLC lifted its position in NVIDIA by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker’s stock valued at $196,711,000 after purchasing an additional 50,978 shares during the period. Evergreen Advisors LLC purchased a new stake in NVIDIA in the 4th quarter valued at approximately $412,000. Providence First Trust Co increased its position in NVIDIA by 15.7% during the 4th quarter. Providence First Trust Co now owns 39,083 shares of the computer hardware maker’s stock worth $5,248,000 after purchasing an additional 5,309 shares during the period. Finally, Noble Wealth Management PBC purchased a new position in shares of NVIDIA during the 4th quarter worth approximately $293,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is owned by insiders.

NVIDIA Trading Down 7.4 %

NASDAQ NVDA opened at $94.31 on Friday. The company has a market cap of $2.30 trillion, a P/E ratio of 37.12, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50-day moving average of $121.20 and a 200-day moving average of $131.07.

NVIDIA (NASDAQ:NVDA) last issued 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 firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NVDA shares. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Mizuho lowered their price target on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $169.89.

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.