Pacer Advisors Inc. Acquires 3,081 Shares of NVIDIA Co. (NASDAQ:NVDA)

Pacer Advisors Inc. raised its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 251,120 shares of the computer hardware maker’s stock after buying an additional 3,081 shares during the period. Pacer Advisors Inc.’s holdings in NVIDIA were worth $124,360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. increased its position in shares of NVIDIA by 25.2% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 2,429 shares of the computer hardware maker’s stock worth $1,203,000 after purchasing an additional 489 shares during the last quarter. FSC Wealth Advisors LLC grew its position in shares of NVIDIA by 145.2% in the 4th quarter. FSC Wealth Advisors LLC now owns 304 shares of the computer hardware maker’s stock valued at $151,000 after acquiring an additional 180 shares during the period. HBW Advisory Services LLC increased its stake in shares of NVIDIA by 4.2% during the 4th quarter. HBW Advisory Services LLC now owns 2,484 shares of the computer hardware maker’s stock worth $1,230,000 after purchasing an additional 100 shares during the last quarter. Godsey & Gibb Inc. raised its holdings in shares of NVIDIA by 42.9% in the 4th quarter. Godsey & Gibb Inc. now owns 699 shares of the computer hardware maker’s stock valued at $346,000 after purchasing an additional 210 shares during the period. Finally, Engrave Wealth Partners LLC lifted its stake in NVIDIA by 15.8% in the 4th quarter. Engrave Wealth Partners LLC now owns 1,642 shares of the computer hardware maker’s stock valued at $813,000 after purchasing an additional 224 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Oppenheimer boosted their target price on NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Argus increased 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. CICC Research assumed coverage on NVIDIA in a report on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective for the company. UBS Group increased their target price on NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, Morgan Stanley boosted their price target on NVIDIA from $750.00 to $795.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Insider Activity

In related news, EVP Debora Shoquist sold 5,676 shares of NVIDIA stock in a transaction that occurred 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 directly owns 48,360 shares of the company’s stock, valued at $24,180,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Debora Shoquist sold 5,676 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $500.00, for a total value of $2,838,000.00. Following the completion of the transaction, the executive vice president now directly owns 48,360 shares in the company, valued at $24,180,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 105,352 shares of company stock valued at $64,853,077. Company insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $902.50 on Thursday. The company has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.59, a PEG ratio of 1.33 and a beta of 1.73. NVIDIA Co. has a one year low of $258.50 and a one year high of $974.00. 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 firm has a 50 day simple moving average of $758.96 and a 200 day simple moving average of $569.38.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the business earned $0.65 EPS. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. Research analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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