Overbrook Management Corp Sells 1,728 Shares of NVIDIA Co. (NASDAQ:NVDA)

Overbrook Management Corp trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,501 shares of the computer hardware maker’s stock after selling 1,728 shares during the quarter. NVIDIA makes up about 7.5% of Overbrook Management Corp’s investment portfolio, making the stock its 2nd largest holding. Overbrook Management Corp’s holdings in NVIDIA were worth $34,848,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVDA. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA in the 3rd quarter valued at approximately $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of NVIDIA in the second quarter valued at approximately $31,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter worth $34,000. West Financial Advisors LLC bought a new stake in shares of NVIDIA during the 3rd quarter worth $36,000. Finally, DHJJ Financial Advisors Ltd. grew its stake in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after buying an additional 140 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on 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 transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. 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 90 days. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Raymond James increased their target price on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. Robert W. Baird raised their target price on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Evercore ISI upped their price objective on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

NVIDIA Stock Performance

NASDAQ NVDA opened at $133.57 on Tuesday. The stock has a market cap of $3.27 trillion, a PE ratio of 52.57, a P/E/G ratio of 1.62 and a beta of 1.62. The firm has a 50-day moving average of $135.31 and a 200-day moving average of $129.55. 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 announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. On average, sell-side 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 was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a $0.01 dividend. 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 dividend payout ratio is presently 1.57%.

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.