Cercano Management LLC Reduces Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Cercano Management LLC reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 667,395 shares of the computer hardware maker's stock after selling 33,835 shares during the period. NVIDIA accounts for about 2.3% of Cercano Management LLC's holdings, making the stock its 9th biggest position. Cercano Management LLC's holdings in NVIDIA were worth $89,624,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC purchased a new position in NVIDIA in the fourth quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the fourth quarter valued at about $46,000. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research analyst reports. Rosenblatt Securities dropped their target price on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $167.53.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $131.29 on Friday. The stock has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a fifty day moving average of $113.89 and a 200-day moving average of $126.81. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95.

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 the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. Equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current 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 paid a $0.01 dividend. 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 payout ratio is 1.36%.

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.

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