NVIDIA Co. (NASDAQ:NVDA) Position Lessened by Financial Avengers Inc.

Financial Avengers Inc. trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 203,392 shares of the computer hardware maker's stock after selling 3,111 shares during the period. NVIDIA accounts for approximately 12.9% of Financial Avengers Inc.'s investment portfolio, making the stock its 2nd biggest position. Financial Avengers Inc.'s holdings in NVIDIA were worth $27,314,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC raised its stake in shares of NVIDIA by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after acquiring an additional 322 shares during the last quarter. Wealth Group Ltd. increased its holdings in NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in NVIDIA by 135.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 231,520 shares of the computer hardware maker's stock worth $31,091,000 after purchasing an additional 133,060 shares during the last quarter. Meridian Financial Partners LLC lifted its holdings in NVIDIA by 0.4% during the 4th quarter. Meridian Financial Partners LLC now owns 23,674 shares of the computer hardware maker's stock worth $3,179,000 after buying an additional 87 shares during the period. Finally, Acropolis Investment Management LLC grew its position in shares of NVIDIA by 1.0% in the 4th quarter. Acropolis Investment Management LLC now owns 53,689 shares of the computer hardware maker's stock valued at $7,210,000 after buying an additional 548 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. 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. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock traded up $3.84 during trading on Tuesday, hitting $141.22. The stock had a trading volume of 224,730,554 shares, compared to its average volume of 283,923,337. The stock's 50 day moving average is $115.95 and its two-hundred day moving average is $126.21. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a market cap of $3.45 trillion, a price-to-earnings ratio of 55.58, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. 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 issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm's quarterly revenue was up 69.2% on a year-over-year basis. As a group, analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial raised their price objective on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of NVIDIA in a research report on Thursday, May 29th. Wedbush reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, May 29th. Needham & Company LLC restated a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a report on Thursday, May 29th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

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.