Deroy & Devereaux Private Investment Counsel Inc. Acquires 1,903 Shares of NVIDIA Co. (NASDAQ:NVDA)

Deroy & Devereaux Private Investment Counsel Inc. raised its position in NVIDIA Co. (NASDAQ:NVDA) by 18.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,203 shares of the computer hardware maker’s stock after buying an additional 1,903 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in NVIDIA were worth $1,639,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Q3 Asset Management raised its position in shares of NVIDIA by 223.3% during the fourth quarter. Q3 Asset Management now owns 22,382 shares of the computer hardware maker’s stock worth $3,005,000 after purchasing an additional 15,459 shares during the period. Yoder Wealth Management Inc. increased its position in shares of NVIDIA by 10.7% in the fourth quarter. Yoder Wealth Management Inc. now owns 8,213 shares of the computer hardware maker’s stock valued at $1,103,000 after acquiring an additional 791 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in NVIDIA by 7.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,208,430 shares of the computer hardware maker’s stock worth $162,280,000 after acquiring an additional 84,087 shares in the last quarter. Capital Insight Partners LLC boosted its position in NVIDIA by 5.7% during the fourth quarter. Capital Insight Partners LLC now owns 56,229 shares of the computer hardware maker’s stock valued at $7,551,000 after purchasing an additional 3,051 shares during the last quarter. Finally, Symphony Financial Ltd. Co. grew its stake in NVIDIA by 13.6% in the fourth quarter. Symphony Financial Ltd. Co. now owns 245,962 shares of the computer hardware maker’s stock valued at $34,714,000 after purchasing an additional 29,514 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % 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 Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $120.15 on Friday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The stock has a 50-day moving average price of $134.39 and a 200-day moving average price of $131.81. The firm has a market cap of $2.94 trillion, a PE ratio of 47.28, a P/E/G ratio of 1.76 and a beta of 1.62. 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 issued its 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. The firm 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%. Sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is 1.57%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NVDA shares. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday. Citigroup upped their target price on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Raymond James lifted their price target on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Bank of America upped their price objective on NVIDIA from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Melius Research lifted their target price on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $169.62.

About NVIDIA

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.