Brick & Kyle Associates Has $22.78 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Brick & Kyle Associates lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 18.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,640 shares of the computer hardware maker's stock after selling 38,951 shares during the period. NVIDIA comprises about 9.7% of Brick & Kyle Associates' portfolio, making the stock its biggest holding. Brick & Kyle Associates' holdings in NVIDIA were worth $22,781,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new position in shares of NVIDIA during the 4th quarter worth $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA during the 4th quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the 4th quarter worth $40,000. LSV Asset Management bought a new stake in NVIDIA during the 4th quarter worth $54,000. Finally, Delos Wealth Advisors LLC grew its position in NVIDIA by 134.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock worth $66,000 after acquiring an additional 283 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NVDA shares. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Rosenblatt Securities boosted their price objective on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. Piper Sandler restated an "overweight" rating and set a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Up 1.2%

Shares of NVIDIA stock traded up $1.73 on Friday, hitting $141.72. The company had a trading volume of 153,523,162 shares, compared to its average volume of 279,137,824. The stock has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.77, a P/E/G ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a 50 day moving average of $118.45 and a 200-day moving average of $126.38. 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 (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Insider Activity

In other news, Director Mark A. Stevens sold 935,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total value of $131,760,200.00. Following the completion of the transaction, the director now directly owns 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,257,983 shares of company stock valued at $172,973,349 over the last three months. Corporate insiders own 4.17% 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.