Hodges Capital Management Inc. Invests $251,000 in NVIDIA Co. (NVDA) Stock

Hodges Capital Management Inc. acquired a new position in shares of NVIDIA Co. (NASDAQ:NVDA) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 1,400 shares of the computer hardware maker’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Atlas Brown Inc. increased its holdings in NVIDIA by 1.7% during the 1st quarter. Atlas Brown Inc. now owns 4,227 shares of the computer hardware maker’s stock worth $759,000 after purchasing an additional 70 shares during the period. Elite Wealth Management Inc. increased its holdings in shares of NVIDIA by 0.6% in the 4th quarter. Elite Wealth Management Inc. now owns 12,053 shares of the computer hardware maker’s stock valued at $1,609,000 after acquiring an additional 76 shares during the period. Strategic Wealth Partners Ltd. increased its holdings in shares of NVIDIA by 37.6% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 289 shares of the computer hardware maker’s stock valued at $81,000 after acquiring an additional 79 shares during the period. Contravisory Investment Management Inc. increased its holdings in shares of NVIDIA by 4.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 2,242 shares of the computer hardware maker’s stock valued at $299,000 after acquiring an additional 86 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of NVIDIA by 0.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 13,555 shares of the computer hardware maker’s stock valued at $1,809,000 after acquiring an additional 93 shares during the period. Institutional investors own 69.81% of the company’s stock.

In other NVIDIA news, EVP Debora Shoquist sold 5,823 shares of NVIDIA stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total transaction of $1,077,255.00. Following the completion of the sale, the executive vice president now owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 14,092 shares of NVIDIA stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,029 shares of company stock valued at $3,678,385. 4.70% of the stock is currently owned by insiders.

Shares of NVDA opened at $188.21 on Wednesday. NVIDIA Co. has a one year low of $124.46 and a one year high of $292.76. The company has a quick ratio of 6.76, a current ratio of 7.94 and a debt-to-equity ratio of 0.21. The stock has a market cap of $112.39 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 4.46 and a beta of 1.90.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, topping the Zacks’ 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 company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The firm’s revenue was down 24.3% compared to the same quarter last year. As a group, equities research analysts expect that NVIDIA Co. will post 4.46 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.34%. NVIDIA’s dividend payout ratio is currently 10.54%.

NVDA has been the topic of a number of analyst reports. Zacks Investment Research upgraded NVIDIA from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. TheStreet upgraded NVIDIA from a “c+” rating to a “b-” rating in a report on Thursday, April 4th. BidaskClub upgraded NVIDIA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Cowen reiterated an “outperform” rating and issued a $195.00 price target (down from $215.00) on shares of NVIDIA in a report on Friday, February 15th. Finally, Mizuho reiterated a “buy” rating and issued a $195.00 price target on shares of NVIDIA in a report on Wednesday, March 13th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have issued a buy rating to the stock. NVIDIA currently has a consensus rating of “Buy” and a consensus price target of $204.46.

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NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which 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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