NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Strong Tower Advisory Services

Strong Tower Advisory Services reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,834 shares of the computer hardware maker’s stock after selling 4,067 shares during the period. NVIDIA comprises approximately 5.1% of Strong Tower Advisory Services’ investment portfolio, making the stock its 3rd largest position. Strong Tower Advisory Services’ holdings in NVIDIA were worth $19,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ironwood Wealth Management LLC. lifted its position 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 worth $782,000 after purchasing an additional 5,695 shares during the period. Financial Guidance Group Inc. raised its stake in shares of NVIDIA by 900.0% in the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock worth $445,000 after purchasing an additional 3,240 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA during the 2nd quarter worth $31,000. Bright Futures Wealth Management LLC. increased its stake in NVIDIA by 0.8% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 15,681 shares of the computer hardware maker’s stock valued at $1,937,000 after buying an additional 126 shares during the last quarter. Finally, Sachetta LLC grew its stake in NVIDIA by 1,468.9% in the 2nd quarter. Sachetta LLC now owns 11,265 shares of the computer hardware maker’s stock valued at $1,392,000 after purchasing an additional 10,547 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 0.9 %

Shares of NVDA opened at $129.84 on Monday. The firm has a market capitalization of $3.18 trillion, a P/E ratio of 51.10, a P/E/G ratio of 1.62 and a beta of 1.62. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $66.25 and a 12-month high of $153.13. The firm has a fifty day moving average price of $135.31 and a 200-day moving average price of $129.44.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $35.08 billion during 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%. The firm’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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 dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % 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. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Tigress Financial raised NVIDIA from a “buy” rating to a “strong-buy” rating and raised their target price for the stock from $170.00 to $220.00 in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. The Goldman Sachs Group raised their price target on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Piper Sandler raised their price objective on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, DA Davidson boosted their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.23.

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.