NVIDIA Co. (NASDAQ:NVDA) is Sloy Dahl & Holst LLC’s 3rd Largest Position

Sloy Dahl & Holst LLC lifted its position in NVIDIA Co. (NASDAQ:NVDA) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 223,039 shares of the computer hardware maker’s stock after buying an additional 8,895 shares during the quarter. NVIDIA comprises 3.8% of Sloy Dahl & Holst LLC’s investment portfolio, making the stock its 3rd largest holding. Sloy Dahl & Holst LLC’s holdings in NVIDIA were worth $29,952,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. lifted its position in shares of NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after buying an additional 5,695 shares during the last quarter. Cavalry Management Group LLC raised its stake in shares of NVIDIA by 785.2% in the 2nd quarter. Cavalry Management Group LLC now owns 4,532 shares of the computer hardware maker’s stock valued at $560,000 after acquiring an additional 4,020 shares in the last quarter. Anchor Investment Management LLC raised its stake in shares of NVIDIA by 1,087.9% in the 2nd quarter. Anchor Investment Management LLC now owns 72,927 shares of the computer hardware maker’s stock valued at $9,009,000 after acquiring an additional 66,788 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in NVIDIA by 1,212.7% in the 2nd quarter. Centaurus Financial Inc. now owns 234,261 shares of the computer hardware maker’s stock worth $28,941,000 after purchasing an additional 216,415 shares during the last quarter. Finally, Greater Midwest Financial Group LLC boosted its position in NVIDIA by 995.6% during the second quarter. Greater Midwest Financial Group LLC now owns 3,725 shares of the computer hardware maker’s stock worth $440,000 after purchasing an additional 3,385 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Raymond James boosted their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Summit Insights cut shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. TD Cowen lifted their price objective on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Five analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.62.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,107,632 shares of company stock worth $146,405,286 over the last three months. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $114.06 on Tuesday. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The firm has a market cap of $2.78 trillion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business has a fifty day moving average of $133.68 and a 200-day moving average of $132.06.

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

NVIDIA Dividend Announcement

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

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.