NVIDIA Co. (NASDAQ:NVDA) is McDonough Capital Management Inc’s 5th Largest Position

McDonough Capital Management Inc raised its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,736 shares of the computer hardware maker’s stock after buying an additional 11,721 shares during the period. NVIDIA comprises 7.2% of McDonough Capital Management Inc’s portfolio, making the stock its 5th largest holding. McDonough Capital Management Inc’s holdings in NVIDIA were worth $11,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA in the third quarter worth approximately $27,000. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the fourth quarter worth approximately $34,000. West Financial Advisors LLC bought a new position in shares of NVIDIA in the third quarter worth approximately $36,000. Finally, Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter worth $38,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock worth $146,405,286 in the last three months. Corporate insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NVDA. Melius Research upped their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research report on Thursday, November 21st. TD Cowen upped their target price on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Bank of America upped their target price on shares of NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $171.69.

NVIDIA Trading Up 1.9 %

NVDA stock opened at $112.69 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The firm’s 50-day moving average is $131.66 and its 200 day moving average is $131.66. The company has a market capitalization of $2.75 trillion, a PE ratio of 44.35, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

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.