F M Investments LLC Sells 101,796 Shares of NVIDIA Co. (NASDAQ:NVDA)

F M Investments LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 686,952 shares of the computer hardware maker's stock after selling 101,796 shares during the period. NVIDIA accounts for about 3.4% of F M Investments LLC's portfolio, making the stock its 5th biggest position. F M Investments LLC's holdings in NVIDIA were worth $92,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. SOA Wealth Advisors LLC. lifted its stake in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares during the last quarter. Swedbank AB boosted its stake in shares of NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares during the period. Principal Financial Group Inc. increased its stake in NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after buying an additional 1,285,897 shares during the period. Canopy Partners LLC lifted its holdings in NVIDIA by 1.2% during the 3rd quarter. Canopy Partners LLC now owns 49,294 shares of the computer hardware maker's stock valued at $5,986,000 after buying an additional 567 shares in the last quarter. Finally, CMG Global Holdings LLC boosted its position in NVIDIA by 4.5% in the 3rd quarter. CMG Global Holdings LLC now owns 10,731 shares of the computer hardware maker's stock valued at $1,303,000 after buying an additional 463 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on NVDA shares. Truist Financial raised their price objective on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Barclays reduced their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Finally, TD Cowen decreased their target price on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. One research 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.

NVIDIA Stock Down 0.6 %

NVDA stock traded down $0.72 during mid-day trading on Friday, hitting $116.65. The stock had a trading volume of 132,620,250 shares, compared to its average volume of 296,326,827. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a fifty day moving average of $110.29 and a 200 day moving average of $127.28. 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 has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 45.91, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business'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 owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business'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 completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. 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. Insiders own 4.23% of the company's stock.

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.