CTC Alternative Strategies Ltd. Sells 5,564 Shares of NVIDIA Co. (NASDAQ:NVDA)

CTC Alternative Strategies Ltd. lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 45.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,798 shares of the computer hardware maker's stock after selling 5,564 shares during the quarter. NVIDIA makes up approximately 1.1% of CTC Alternative Strategies Ltd.'s portfolio, making the stock its 16th biggest position. CTC Alternative Strategies Ltd.'s holdings in NVIDIA were worth $913,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Tacita Capital Inc bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $40,000. LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $54,000. Finally, Delos Wealth Advisors LLC raised its holdings in shares of NVIDIA by 134.8% during the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after acquiring an additional 283 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday, May 23rd. Truist Financial increased their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Bank of America increased their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Barclays reiterated an "overweight" rating and issued a $170.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Finally, TD Cowen increased their price objective on NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $171.66.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm'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 completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,257,983 shares of company stock valued at $172,973,349 over the last quarter. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $1.93 on Thursday, hitting $139.99. The stock had a trading volume of 228,903,974 shares, compared to its average volume of 282,161,719. The stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $117.19 and its two-hundred day simple moving average is $126.42. 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 announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The company's revenue for the quarter was up 69.2% on a year-over-year basis. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.