NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Clear Street Derivatives LLC

Clear Street Derivatives LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,622,686 shares of the computer hardware maker's stock after selling 2,172,978 shares during the quarter. NVIDIA comprises approximately 61.8% of Clear Street Derivatives LLC's holdings, making the stock its largest position. Clear Street Derivatives LLC owned 0.15% of NVIDIA worth $4,783,771,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NVDA shares. TD Cowen lowered their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Raymond James reissued a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Mizuho decreased their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Finally, Wedbush lowered shares of NVIDIA from an "outperform" rating to a "cautious" rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.53.

NVIDIA Stock Up 0.7%

NVDA stock traded up $1.02 during mid-day trading on Wednesday, hitting $136.52. 153,614,714 shares of the company were exchanged, compared to its average volume of 288,045,017. 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 1-year low of $86.62 and a 1-year high of $195.95. The firm has a market cap of $3.34 trillion, a P/E ratio of 53.89, a P/E/G ratio of 1.76 and a beta of 2.11. The firm's 50 day simple moving average is $114.51 and its 200 day simple moving average is $126.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating 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 business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, 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. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.17% of the stock is currently owned by company insiders.

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.