Duncker Streett & Co. Inc. Raises Position in NVIDIA Co. (NASDAQ:NVDA)

Duncker Streett & Co. Inc. increased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 45.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,415 shares of the computer hardware maker’s stock after purchasing an additional 3,230 shares during the period. NVIDIA accounts for 1.1% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 24th biggest position. Duncker Streett & Co. Inc.’s holdings in NVIDIA were worth $5,158,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA purchased a new stake in shares of NVIDIA during the 4th quarter valued at $28,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA during the third quarter valued at about $30,000. O Brien Wealth Partners LLC increased its stake in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the last quarter. Trivant Custom Portfolio Group LLC increased its stake in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, Beacon Capital Management Inc. purchased a new position in shares of NVIDIA in the 4th quarter worth about $50,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $1,000.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Cantor Fitzgerald restated an “overweight” rating and set a $900.00 target price on shares of NVIDIA in a report on Monday, March 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $910.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Mizuho upped their target price on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Piper Sandler upped their price target on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $940.30.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director John Dabiri sold 128 shares of the business’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 value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last three months. Company insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 3.7 %

NASDAQ NVDA opened at $826.32 on Friday. NVIDIA Co. has a one year low of $266.25 and a one year high of $974.00. The firm has a market cap of $2.07 trillion, a PE ratio of 69.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock’s 50 day simple moving average is $851.37 and its 200 day simple moving average is $632.39.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 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.