Applied Finance Capital Management LLC Reduces Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Applied Finance Capital Management LLC cut its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,407 shares of the computer hardware maker's stock after selling 11,168 shares during the period. Applied Finance Capital Management LLC's holdings in NVIDIA were worth $25,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. Bernard Wealth Management Corp. acquired a new position in shares of NVIDIA in the 4th quarter valued at $3,311,000. German American Bancorp Inc. raised its holdings in NVIDIA by 1.9% in the 4th quarter. German American Bancorp Inc. now owns 261,091 shares of the computer hardware maker's stock valued at $35,062,000 after buying an additional 4,834 shares during the period. Peachtree Investment Partners LLC lifted its position in NVIDIA by 15.1% in the fourth quarter. Peachtree Investment Partners LLC now owns 28,435 shares of the computer hardware maker's stock valued at $3,818,000 after buying an additional 3,727 shares during the last quarter. Renaissance Technologies LLC boosted its stake in NVIDIA by 0.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,551,227 shares of the computer hardware maker's stock worth $477,000,000 after buying an additional 23,156 shares during the period. Finally, Canopy Partners LLC increased its position in shares of NVIDIA by 1.0% during the fourth quarter. Canopy Partners LLC now owns 49,792 shares of the computer hardware maker's stock valued at $6,687,000 after acquiring an additional 498 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley decreased their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. DA Davidson decreased their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial lifted their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last quarter. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NVDA opened at $117.38 on Friday. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a market capitalization of $2.86 trillion, a P/E ratio of 46.20, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company's fifty day moving average is $110.28 and its two-hundred day moving average is $127.55.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $38.16 billion. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.

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