Baldwin Investment Management LLC Sells 3,597 Shares of NVIDIA Co. (NASDAQ:NVDA)

Baldwin Investment Management LLC reduced its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,384 shares of the computer hardware maker's stock after selling 3,597 shares during the quarter. NVIDIA accounts for 2.1% of Baldwin Investment Management LLC's investment portfolio, making the stock its 4th biggest holding. Baldwin Investment Management LLC's holdings in NVIDIA were worth $15,763,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $46,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Stock Up 3.2%

Shares of NVDA stock traded up $4.21 during trading hours on Tuesday, reaching $135.50. The company had a trading volume of 191,793,409 shares, compared to its average volume of 288,543,894. 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 Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a market capitalization of $3.31 trillion, a P/E ratio of 53.33, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The stock's fifty day simple moving average is $114.51 and its 200 day simple moving average is $126.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The business 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%. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal 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 issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NVDA shares. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. UBS Group restated a "buy" rating on shares of NVIDIA in a research note on Friday. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. DA Davidson reduced their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $167.53.

NVIDIA 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.