Capital Analysts LLC Lowers Position in NVIDIA Co. (NASDAQ:NVDA)

Capital Analysts LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,030 shares of the computer hardware maker's stock after selling 2,463 shares during the period. Capital Analysts LLC's holdings in NVIDIA were worth $8,733,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 4th quarter valued at about $34,000. Vision Financial Markets LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Stock Down 0.9%

Shares of NVIDIA stock traded down $1.19 on Tuesday, reaching $134.38. The company's stock had a trading volume of 160,519,454 shares, compared to its average volume of 293,703,320. The company has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.88, a P/E/G ratio of 1.76 and a beta of 2.11. The firm's fifty day simple moving average is $112.73 and its two-hundred day simple moving average is $126.93. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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%. Equities analysts anticipate 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 was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was 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 owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group dropped their target price on NVIDIA from $180.00 to $175.00 and set a "buy" rating for the company in a report on Monday, May 12th. Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 price objective on NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $164.84.

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.