Gemmer Asset Management LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)

Gemmer Asset Management LLC Increases Stake in NVIDIA Co. (NASDAQ:NVDA)


Gemmer Asset Management LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 23,538 shares of the computer hardware maker’s stock after buying an additional 203 shares during the period. NVIDIA makes up 1.4% of Gemmer Asset Management LLC’s holdings, making the stock its 18th biggest holding. Gemmer Asset Management LLC’s holdings in NVIDIA were worth $11,657,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Waterway Wealth Management LLC acquired a new stake in NVIDIA in the fourth quarter worth about $1,591,000. jvl associates llc boosted its holdings in NVIDIA by 26.9% in the fourth quarter. jvl associates llc now owns 854 shares of the computer hardware maker’s stock worth $423,000 after acquiring an additional 181 shares in the last quarter. Beacon Capital Management Inc. acquired a new stake in NVIDIA in the fourth quarter worth about $50,000. Trust Co of the South acquired a new stake in NVIDIA in the fourth quarter worth about $368,000. Finally, Sandy Cove Advisors LLC boosted its holdings in NVIDIA by 16.0% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,675 shares of the computer hardware maker’s stock worth $830,000 after acquiring an additional 231 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now owns 50,961 shares of the company’s stock, valued at approximately $24,696,719.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $500.00, for a total value of $2,838,000.00. Following the transaction, the executive vice president now owns 48,360 shares of the company’s stock, valued at approximately $24,180,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $484.62, for a total value of $218,079.00. Following the transaction, the insider now directly owns 50,961 shares in the company, valued at approximately $24,696,719.82. The disclosure for this sale can be found here. Insiders have sold a total of 105,352 shares of company stock valued at $64,853,077 in the last quarter. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $903.56 on Friday. The stock’s fifty day moving average is $772.45 and its two-hundred day moving average is $574.01. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 75.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. 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 fifty-two week low of $262.20 and a fifty-two week high of $974.00.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, research analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared 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 was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analysts Set New Price Targets

NVDA has been the subject of a number of research reports. Piper Sandler Companies lifted their target price on NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Tigress Financial lifted their target price on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Craig Hallum lifted their target price on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Needham & Company LLC lifted their target price on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. lifted their target price on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $908.68.

Check Out Our Latest Report on NVIDIA

About NVIDIA

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)



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