Neville Rodie & Shaw Inc. Purchases 1,819 Shares of NVIDIA Co. (NASDAQ:NVDA)

Neville Rodie & Shaw Inc. boosted its position in NVIDIA Co. (NASDAQ:NVDA) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 120,425 shares of the computer hardware maker’s stock after acquiring an additional 1,819 shares during the period. NVIDIA accounts for approximately 1.2% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 23rd largest holding. Neville Rodie & Shaw Inc.’s holdings in NVIDIA were worth $16,172,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NVDA. Burkett Financial Services LLC raised its stake in shares of NVIDIA by 23.6% during the 4th quarter. Burkett Financial Services LLC now owns 5,250 shares of the computer hardware maker’s stock valued at $705,000 after purchasing an additional 1,001 shares during the period. Boltwood Capital Management grew its holdings in NVIDIA by 3.2% during the 4th quarter. Boltwood Capital Management now owns 47,450 shares of the computer hardware maker’s stock valued at $6,372,000 after buying an additional 1,450 shares in the last quarter. Nordea Investment Management AB increased its position in shares of NVIDIA by 15.3% during the fourth quarter. Nordea Investment Management AB now owns 34,432,573 shares of the computer hardware maker’s stock valued at $4,703,145,000 after buying an additional 4,561,284 shares during the period. jvl associates llc lifted its holdings in shares of NVIDIA by 1.0% in the fourth quarter. jvl associates llc now owns 10,652 shares of the computer hardware maker’s stock worth $1,430,000 after buying an additional 105 shares in the last quarter. Finally, Waller Financial Planning Group Inc. grew its stake in NVIDIA by 4.6% during the fourth quarter. Waller Financial Planning Group Inc. now owns 4,024 shares of the computer hardware maker’s stock valued at $540,000 after acquiring an additional 177 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. DA Davidson increased their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Wedbush lifted their price target on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. The Goldman Sachs Group increased their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Evercore ISI upped their price objective on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, TD Cowen boosted their target price on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

NVIDIA Stock Down 3.1 %

Shares of NVIDIA stock opened at $142.62 on Friday. 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 $138.71 and a 200 day moving average of $129.47. NVIDIA Co. has a 1 year low of $60.57 and a 1 year high of $153.13. The firm has a market cap of $3.49 trillion, a price-to-earnings ratio of 56.13, a PEG ratio of 2.65 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

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.