Pine Haven Investment Counsel Inc Sells 400 Shares of NVIDIA Co. (NASDAQ:NVDA)

Pine Haven Investment Counsel Inc lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 3.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,898 shares of the computer hardware maker’s stock after selling 400 shares during the period. NVIDIA makes up about 1.1% of Pine Haven Investment Counsel Inc’s portfolio, making the stock its 23rd largest position. Pine Haven Investment Counsel Inc’s holdings in NVIDIA were worth $1,329,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Ironwood Wealth Management LLC. grew its holdings in shares of NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after acquiring an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. lifted its stake in NVIDIA by 900.0% in the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after purchasing an additional 3,240 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in NVIDIA during the second quarter worth approximately $31,000. Bright Futures Wealth Management LLC. lifted its position in NVIDIA by 0.8% during the second quarter. Bright Futures Wealth Management LLC. now owns 15,681 shares of the computer hardware maker’s stock worth $1,937,000 after acquiring an additional 126 shares during the last quarter. Finally, Sachetta LLC lifted its position in NVIDIA by 1,468.9% during the second quarter. Sachetta LLC now owns 11,265 shares of the computer hardware maker’s stock worth $1,392,000 after acquiring an additional 10,547 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

NVDA has been the subject of several research reports. Evercore ISI raised their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. HSBC dropped their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Needham & Company LLC lifted their price target on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wedbush lifted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Citigroup lifted their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four research 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 company. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $129.84 on Monday. The firm has a market cap of $3.18 trillion, a PE ratio of 51.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. The firm’s fifty day moving average is $135.31 and its 200-day moving average is $129.44. 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 Co. has a 52 week low of $66.25 and a 52 week high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results 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. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. Sell-side analysts predict 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. Investors of record on Thursday, December 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 716 shares of the business’s stock in a transaction 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 transaction, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last quarter. Company insiders own 4.23% of the company’s stock.

NVIDIA 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.