Cahaba Wealth Management Inc. reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,350 shares of the computer hardware maker's stock after selling 2,089 shares during the quarter. NVIDIA makes up about 0.3% of Cahaba Wealth Management Inc.'s portfolio, making the stock its 25th biggest holding. Cahaba Wealth Management Inc.'s holdings in NVIDIA were worth $3,404,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mariner LLC boosted its stake in shares of NVIDIA by 13.0% during the 4th quarter. Mariner LLC now owns 18,170,137 shares of the computer hardware maker's stock worth $2,440,354,000 after acquiring an additional 2,087,307 shares during the period. Cohen & Steers Inc. lifted its holdings in NVIDIA by 7.2% during the 4th quarter. Cohen & Steers Inc. now owns 17,930 shares of the computer hardware maker's stock worth $2,408,000 after purchasing an additional 1,200 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its holdings in NVIDIA by 16.1% during the 4th quarter. Menora Mivtachim Holdings LTD. now owns 6,436,285 shares of the computer hardware maker's stock worth $864,329,000 after purchasing an additional 894,080 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in NVIDIA by 27.0% during the 4th quarter. SageView Advisory Group LLC now owns 158,346 shares of the computer hardware maker's stock worth $21,264,000 after purchasing an additional 33,643 shares during the last quarter. Finally, Taurus Asset Management LLC lifted its holdings in NVIDIA by 27.9% during the 4th quarter. Taurus Asset Management LLC now owns 55,480 shares of the computer hardware maker's stock worth $7,450,000 after purchasing an additional 12,110 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.
Insider Activity at NVIDIA
In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was 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 trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.
NVIDIA Stock Performance
Shares of NASDAQ NVDA traded up $6.93 during mid-day trading on Tuesday, hitting $129.93. The company had a trading volume of 327,417,936 shares, compared to its average volume of 296,205,755. The company has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average price is $110.40 and its 200-day moving average price is $127.06.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company 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%. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors 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 of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is 1.36%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Rosenblatt Securities dropped their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. UBS Group dropped their price target on NVIDIA from $180.00 to $175.00 and set a "buy" rating for the company in a report on Monday. Finally, Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $164.84.
Check Out Our Latest Stock Analysis on NVDA
About NVIDIA
(
Free Report)
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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