DGS Capital Management LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

DGS Capital Management LLC grew its stake in NVIDIA Co. (NASDAQ:NVDA) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,708 shares of the computer hardware maker’s stock after buying an additional 966 shares during the period. NVIDIA makes up about 1.1% of DGS Capital Management LLC’s holdings, making the stock its 11th biggest holding. DGS Capital Management LLC’s holdings in NVIDIA were worth $2,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Solution Inc. bought a new stake in shares of NVIDIA in the 3rd quarter worth approximately $202,000. Veery Capital LLC lifted its holdings in shares of NVIDIA by 28.0% in the 3rd quarter. Veery Capital LLC now owns 700 shares of the computer hardware maker’s stock worth $304,000 after acquiring an additional 153 shares during the last quarter. Cooper Financial Group lifted its holdings in shares of NVIDIA by 3.8% in the 3rd quarter. Cooper Financial Group now owns 10,259 shares of the computer hardware maker’s stock worth $4,462,000 after acquiring an additional 380 shares during the last quarter. Gilman Hill Asset Management LLC lifted its holdings in shares of NVIDIA by 4.1% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 3,163 shares of the computer hardware maker’s stock worth $1,376,000 after acquiring an additional 125 shares during the last quarter. Finally, Scharf Investments LLC bought a new stake in NVIDIA during the 3rd quarter valued at $1,511,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 in the last quarter. Company insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Piper Sandler Companies boosted their price objective on shares of NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. TD Cowen boosted their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. DA Davidson boosted their price objective on shares of NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Argus boosted their price objective on shares of NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Benchmark reissued a “buy” rating and set a $1,000.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. Four research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $796.77 on Thursday. The firm’s 50 day moving average price is $849.38 and its 200-day moving average price is $631.03. NVIDIA Co. has a twelve month low of $262.25 and a twelve month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.99 trillion, a PE ratio of 66.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter in the prior year, the business earned $0.65 EPS. The business’s quarterly revenue was up 265.3% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

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.