NVIDIA Co. (NASDAQ:NVDA) Stake Cut by Advisory Services Network LLC

Advisory Services Network LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,217,143 shares of the computer hardware maker's stock after selling 5,961 shares during the period. NVIDIA comprises 3.0% of Advisory Services Network LLC's portfolio, making the stock its 2nd largest holding. Advisory Services Network LLC's holdings in NVIDIA were worth $163,450,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NVDA. Tacita Capital Inc acquired a new stake in NVIDIA in the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter worth $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the 4th quarter worth $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the 4th quarter worth $46,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 0.6 %

Shares of NVDA traded down $0.72 during trading hours on Friday, hitting $116.65. The stock had a trading volume of 132,620,250 shares, compared to its average volume of 296,482,821. The firm has a 50 day simple moving average of $110.29 and a 200-day simple moving average of $127.37. NVIDIA Co. has a 1-year low of $86.62 and a 1-year 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 has a market capitalization of $2.85 trillion, a P/E ratio of 45.91, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVDA. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Truist Financial increased their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Citigroup reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.96.

Insiders Place Their Bets

In related 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 directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the firm's 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 of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate 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.