Johnson Bixby & Associates LLC Raises Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Johnson Bixby & Associates LLC raised its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 91.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 891 shares of the computer hardware maker’s stock after purchasing an additional 426 shares during the period. Johnson Bixby & Associates LLC’s holdings in NVIDIA were worth $805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in NVIDIA by 1.0% during the 3rd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 9,270 shares of the computer hardware maker’s stock worth $4,032,000 after purchasing an additional 93 shares during the last quarter. Fortune 45 LLC boosted its position in NVIDIA by 3.6% during the third quarter. Fortune 45 LLC now owns 1,975 shares of the computer hardware maker’s stock worth $859,000 after acquiring an additional 69 shares during the last quarter. Kiley Juergens Wealth Management LLC raised its holdings in NVIDIA by 0.7% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 16,260 shares of the computer hardware maker’s stock valued at $7,073,000 after acquiring an additional 118 shares during the last quarter. Howland Capital Management LLC lifted its stake in NVIDIA by 1.9% in the 3rd quarter. Howland Capital Management LLC now owns 4,679 shares of the computer hardware maker’s stock worth $2,035,000 after purchasing an additional 88 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. boosted its holdings in shares of NVIDIA by 0.8% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 80,622 shares of the computer hardware maker’s stock worth $35,070,000 after purchasing an additional 622 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 1.5 %

Shares of NVDA traded down $13.55 during midday trading on Tuesday, hitting $864.02. The company had a trading volume of 36,070,525 shares, compared to its average volume of 51,807,828. The company’s 50-day simple moving average is $860.82 and its 200-day simple moving average is $643.52. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. NVIDIA Co. has a 1 year low of $272.40 and a 1 year high of $974.00. The firm has a market capitalization of $2.16 trillion, a P/E ratio of 72.36, a P/E/G ratio of 1.26 and a beta of 1.73.

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

NVIDIA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on NVDA. Wolfe Research lifted their price objective on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Bank of America boosted their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Truist Financial raised their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a report on Wednesday, March 20th. Finally, Oppenheimer lifted their price target on shares of NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 450 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, 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 in the last ninety days. Insiders own 3.99% of the company’s stock.

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.