Dixon Hubard Feinour & Brown Inc. VA Acquires 200 Shares of NVIDIA Co. (NVDA)

Dixon Hubard Feinour & Brown Inc. VA increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,545 shares of the computer hardware maker’s stock after acquiring an additional 200 shares during the quarter. Dixon Hubard Feinour & Brown Inc. VA’s holdings in NVIDIA were worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. raised its stake in NVIDIA by 30.7% during the 3rd quarter. American Century Companies Inc. now owns 35,097 shares of the computer hardware maker’s stock worth $9,863,000 after buying an additional 8,237 shares during the period. Bessemer Group Inc. raised its stake in shares of NVIDIA by 4.6% in the third quarter. Bessemer Group Inc. now owns 6,415 shares of the computer hardware maker’s stock worth $1,803,000 after purchasing an additional 284 shares during the last quarter. MML Investors Services LLC raised its stake in shares of NVIDIA by 21.9% in the third quarter. MML Investors Services LLC now owns 50,561 shares of the computer hardware maker’s stock worth $14,209,000 after purchasing an additional 9,088 shares during the last quarter. McGuire Investment Group LLC purchased a new stake in shares of NVIDIA in the third quarter worth approximately $724,000. Finally, Twin Capital Management Inc. raised its stake in shares of NVIDIA by 5.8% in the third quarter. Twin Capital Management Inc. now owns 82,829 shares of the computer hardware maker’s stock worth $23,277,000 after purchasing an additional 4,569 shares during the last quarter. Hedge funds and other institutional investors own 68.72% of the company’s stock.

In other NVIDIA news, EVP Debora Shoquist sold 6,345 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total transaction of $858,668.85. Following the completion of the transaction, the executive vice president now directly owns 177,911 shares of the company’s stock, valued at $24,076,695.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Several analysts have recently commented on NVDA shares. Nomura lowered their price objective on NVIDIA from $225.00 to $200.00 and set a “neutral” rating for the company in a research note on Friday, November 16th. Zacks Investment Research downgraded NVIDIA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 21st. ValuEngine raised NVIDIA from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Oppenheimer reissued an “outperform” rating and issued a $250.00 price objective on shares of NVIDIA in a research note on Wednesday, January 9th. Finally, BNP Paribas downgraded NVIDIA from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $210.62.

Shares of NASDAQ NVDA opened at $165.56 on Friday. NVIDIA Co. has a 1-year low of $124.46 and a 1-year high of $292.76. The firm has a market cap of $98.49 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 3.90 and a beta of 1.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.94 and a quick ratio of 6.76.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period in the prior year, the company earned $1.72 earnings per share. NVIDIA’s revenue was down 24.3% compared to the same quarter last year. Analysts anticipate that NVIDIA Co. will post 4.49 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.39%. The ex-dividend date is Thursday, February 28th. NVIDIA’s dividend payout ratio (DPR) is 10.54%.

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About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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