Adams Diversified Equity Fund Inc. Reduces Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Adams Diversified Equity Fund Inc. lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,366,300 shares of the computer hardware maker's stock after selling 58,700 shares during the quarter. NVIDIA makes up approximately 6.9% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 3rd biggest holding. Adams Diversified Equity Fund Inc.'s holdings in NVIDIA were worth $183,480,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NVDA. One Charles Private Wealth Services LLC boosted its holdings in shares of NVIDIA by 4.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 18,892 shares of the computer hardware maker's stock valued at $2,537,000 after purchasing an additional 721 shares during the last quarter. Gutierrez Wealth Advisory LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $224,000. Goodman Financial Corp acquired a new position in shares of NVIDIA in the 4th quarter valued at $441,000. AllSquare Wealth Management LLC boosted its holdings in shares of NVIDIA by 12.1% in the 4th quarter. AllSquare Wealth Management LLC now owns 12,668 shares of the computer hardware maker's stock valued at $1,701,000 after purchasing an additional 1,371 shares during the last quarter. Finally, Antonelli Financial Advisors LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at $876,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 in the last quarter. Corporate insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $2.25 during mid-day trading on Monday, hitting $108.76. The company had a trading volume of 206,908,127 shares, compared to its average volume of 304,253,827. The stock has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12 month low of $81.25 and a 12 month high of $195.95. 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 firm's 50 day simple moving average is $112.60 and its two-hundred day simple moving average is $128.76.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NVDA shares. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Barclays cut their target price on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, TD Cowen cut their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $164.96.

About NVIDIA

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.