Compass Ion Advisors LLC Lowers Holdings in NVIDIA Co. (NASDAQ:NVDA)

Compass Ion Advisors LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,425 shares of the computer hardware maker's stock after selling 2,912 shares during the quarter. NVIDIA accounts for approximately 1.6% of Compass Ion Advisors LLC's portfolio, making the stock its 12th largest position. Compass Ion Advisors LLC's holdings in NVIDIA were worth $13,083,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the fourth quarter worth $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at about $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction on Monday, March 10th. The shares were 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 in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Up 4.3 %

Shares of NVDA traded up $4.58 during mid-day trading on Friday, reaching $111.01. The company's stock had a trading volume of 250,248,639 shares, compared to its average volume of 305,623,412. NVIDIA Co. has a 52 week low of $81.25 and a 52 week 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 company's fifty day moving average price is $113.21 and its two-hundred day moving average price is $129.01. The stock has a market cap of $2.71 trillion, a PE ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.96.

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

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

NVDA has been the subject of a number of recent research reports. Bank of America decreased their price objective on NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.