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

Baldwin Investment Management LLC reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,384 shares of the computer hardware maker's stock after selling 3,597 shares during the period. NVIDIA comprises about 2.1% of Baldwin Investment Management LLC's holdings, making the stock its 4th largest holding. Baldwin Investment Management LLC's holdings in NVIDIA were worth $15,763,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Tacita Capital Inc purchased a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Rosenblatt Securities reduced their target price on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Finally, Susquehanna reiterated a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $167.53.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's 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 completion of the sale, the director now directly 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. Over the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded up $3.95 during trading on Tuesday, reaching $135.24. 42,679,296 shares of the company traded hands, compared to its average volume of 287,998,677. The firm's fifty day simple moving average is $114.17 and its 200 day simple moving average is $126.54. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.20, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for 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, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. 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 payout ratio is 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.