B & T Capital Management DBA Alpha Capital Management Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

B & T Capital Management DBA Alpha Capital Management lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,107 shares of the computer hardware maker’s stock after selling 627 shares during the quarter. NVIDIA comprises approximately 1.3% of B & T Capital Management DBA Alpha Capital Management’s investment portfolio, making the stock its 27th largest holding. B & T Capital Management DBA Alpha Capital Management’s holdings in NVIDIA were worth $7,132,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Dakota Community Bank & Trust NA boosted its stake in shares of NVIDIA by 18.7% in the 4th quarter. Dakota Community Bank & Trust NA now owns 3,682 shares of the computer hardware maker’s stock valued at $494,000 after buying an additional 580 shares during the period. Arthur M. Cohen & Associates LLC raised its holdings in NVIDIA by 1.2% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 375,248 shares of the computer hardware maker’s stock valued at $50,392,000 after acquiring an additional 4,368 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in NVIDIA in the fourth quarter worth approximately $305,000. Defined Wealth Management LLC grew its holdings in NVIDIA by 10.9% during the 4th quarter. Defined Wealth Management LLC now owns 2,671 shares of the computer hardware maker’s stock worth $359,000 after acquiring an additional 262 shares in the last quarter. Finally, Cranbrook Wealth Management LLC raised its holdings in shares of NVIDIA by 11.7% in the 4th quarter. Cranbrook Wealth Management LLC now owns 5,952 shares of the computer hardware maker’s stock valued at $799,000 after purchasing an additional 624 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

NVDA has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Barclays increased their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Needham & Company LLC boosted their target price on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Susquehanna increased their price target on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

NVIDIA Trading Up 5.1 %

NASDAQ:NVDA opened at $124.76 on Thursday. The stock has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 49.10, a PEG ratio of 2.16 and a beta of 1.62. NVIDIA Co. has a 1 year low of $66.25 and a 1 year high of $153.13. The stock has a fifty day moving average price of $135.83 and a two-hundred day moving average price of $129.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The firm’s revenue was up 93.6% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is currently 1.57%.

NVIDIA Company Profile

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.