NVIDIA Co. (NASDAQ:NVDA) Stock Position Decreased by DAGCO Inc.


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DAGCO Inc. decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 4.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 432 shares of the computer hardware maker’s stock after selling 18 shares during the period. DAGCO Inc.’s holdings in NVIDIA were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. US Bancorp DE grew its position in NVIDIA by 53.3% in the 1st quarter. US Bancorp DE now owns 111,417 shares of the computer hardware maker’s stock worth $59,489,000 after purchasing an additional 38,740 shares during the last quarter. Park Avenue Securities LLC increased its stake in NVIDIA by 22.1% in the 1st quarter. Park Avenue Securities LLC now owns 10,399 shares of the computer hardware maker’s stock valued at $5,553,000 after buying an additional 1,881 shares during the period. New England Investment & Retirement Group Inc. increased its stake in shares of NVIDIA by 2.2% during the 1st quarter. New England Investment & Retirement Group Inc. now owns 3,644 shares of the computer hardware maker’s stock worth $1,946,000 after purchasing an additional 80 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of NVIDIA by 1.0% during the 1st quarter. Lindbrook Capital LLC now owns 2,246 shares of the computer hardware maker’s stock worth $1,199,000 after purchasing an additional 22 shares during the last quarter. Finally, Duncker Streett & Co. Inc. grew its stake in NVIDIA by 511.9% in the 1st quarter. Duncker Streett & Co. Inc. now owns 5,954 shares of the computer hardware maker’s stock valued at $3,179,000 after buying an additional 4,981 shares during the last quarter. Hedge funds and other institutional investors own 65.70% of the company’s stock.

A number of research firms have recently commented on NVDA. Wells Fargo & Company raised their price objective on shares of NVIDIA from $625.00 to $715.00 and gave the stock an “overweight” rating in a report on Monday, April 19th. Cascend Securities raised their price objective on shares of NVIDIA from $620.00 to $640.00 and gave the company a “buy” rating in a research report on Wednesday, March 3rd. Raymond James upgraded shares of NVIDIA from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $700.00 to $750.00 in a research report on Wednesday, April 21st. Truist lifted their price target on shares of NVIDIA from $672.00 to $700.00 in a research report on Thursday, February 25th. Finally, Piper Sandler lifted their price target on shares of NVIDIA from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $606.61.

In other NVIDIA news, Director Persis Drell sold 1,200 shares of the stock in a transaction that occurred on Monday, April 12th. The shares were sold at an average price of $587.53, for a total transaction of $705,036.00. Following the completion of the sale, the director now owns 16,844 shares of the company’s stock, valued at approximately $9,896,355.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 14,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $627.95, for a total transaction of $9,105,275.00. Insiders have sold a total of 21,804 shares of company stock valued at $13,207,675 in the last three months. Insiders own 4.47% of the company’s stock.

Shares of NVIDIA stock traded down $25.52 on Tuesday, hitting $567.95. The stock had a trading volume of 128,866 shares, compared to its average volume of 8,255,655. The stock has a 50 day moving average of $568.71 and a 200 day moving average of $545.05. NVIDIA Co. has a twelve month low of $280.88 and a twelve month high of $648.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.52 and a current ratio of 3.92. The firm has a market capitalization of $353.48 billion, a P/E ratio of 97.13, a PEG ratio of 3.87 and a beta of 1.45.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.81 by $0.29. The company had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.83 billion. NVIDIA had a return on equity of 32.61% and a net margin of 25.89%. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Equities analysts expect that NVIDIA Co. will post 7.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend was Tuesday, March 9th. NVIDIA’s dividend payout ratio is presently 13.94%.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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