NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Alerus Financial NA

Alerus Financial NA cut its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 352,392 shares of the computer hardware maker's stock after selling 31,257 shares during the period. NVIDIA makes up 3.6% of Alerus Financial NA's holdings, making the stock its 7th largest position. Alerus Financial NA's holdings in NVIDIA were worth $47,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in NVIDIA by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after buying an additional 11,525,969 shares during the last quarter. Norges Bank bought a new position in shares of NVIDIA during the 4th quarter worth approximately $43,515,504,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NVIDIA by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after purchasing an additional 6,526,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NVIDIA by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock worth $20,315,409,000 after purchasing an additional 5,211,040 shares in the last quarter. Finally, Amundi boosted its holdings in NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after purchasing an additional 13,406,054 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several analyst reports. Mizuho cut their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Bank of America reduced their price target on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. Finally, William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $164.96.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded up $2.89 during mid-day trading on Friday, reaching $114.50. The company had a trading volume of 189,662,858 shares, compared to its average volume of 300,427,940. The firm has a market cap of $2.79 trillion, a price-to-earnings ratio of 45.06, a PEG ratio of 1.76 and a beta of 1.96. The business's 50-day simple moving average is $110.85 and its 200 day simple moving average is $128.08. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. 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 (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is presently 1.36%.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred 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 approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Company 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.