NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Steph & Co.

Steph & Co. reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 27.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,859 shares of the computer hardware maker’s stock after selling 712 shares during the quarter. Steph & Co.’s holdings in NVIDIA were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Heritage Family Offices LLP boosted its holdings in shares of NVIDIA by 111.9% in the fourth quarter. Heritage Family Offices LLP now owns 4,302 shares of the computer hardware maker’s stock valued at $578,000 after acquiring an additional 2,272 shares during the period. Financial Enhancement Group LLC lifted its holdings in shares of NVIDIA by 852.6% during the fourth quarter. Financial Enhancement Group LLC now owns 53,233 shares of the computer hardware maker’s stock worth $7,092,000 after purchasing an additional 47,645 shares during the period. Flywheel Private Wealth LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $487,000. Rovin Capital UT ADV lifted its holdings in shares of NVIDIA by 32.4% during the fourth quarter. Rovin Capital UT ADV now owns 14,500 shares of the computer hardware maker’s stock worth $1,947,000 after purchasing an additional 3,548 shares during the period. Finally, Smith Thornton Advisors LLC lifted its holdings in shares of NVIDIA by 2.9% during the fourth quarter. Smith Thornton Advisors LLC now owns 7,858 shares of the computer hardware maker’s stock worth $1,055,000 after purchasing an additional 220 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Raymond James increased their price target on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their price target on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Robert W. Baird increased their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. The Goldman Sachs Group increased their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Susquehanna increased their price objective on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.23.

NVIDIA Stock Down 3.7 %

NVDA opened at $120.07 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 47.25, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64. The business has a 50-day moving average of $136.58 and a two-hundred day moving average of $129.33. NVIDIA Co. has a 12 month low of $60.70 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 93.6% on a year-over-year basis. On average, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 716 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by company insiders.

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.