Fulcrum Equity Management Sells 2,253 Shares of NVIDIA Co. (NASDAQ:NVDA)

Fulcrum Equity Management trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,715 shares of the computer hardware maker's stock after selling 2,253 shares during the period. NVIDIA accounts for approximately 1.3% of Fulcrum Equity Management's holdings, making the stock its 18th biggest position. Fulcrum Equity Management's holdings in NVIDIA were worth $1,305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Norges Bank acquired a new position in NVIDIA during the 4th quarter valued at about $43,515,504,000. Northern Trust Corp boosted its holdings in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after acquiring an additional 34,441,082 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $2,987,733,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NVIDIA by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,898,191 shares of the computer hardware maker's stock worth $26,978,618,000 after purchasing an additional 20,494,402 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $140.92, for a total transaction of $131,760,200.00. Following the completion of the sale, the director now owns 9,214,697 shares of the company's stock, valued at $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,255,320 shares of company stock worth $172,680,419 over the last three months. Corporate insiders own 4.17% of the company's stock.

NVIDIA Stock Up 0.6%

Shares of NVIDIA stock traded up $0.91 during trading on Monday, hitting $142.63. 184,474,522 shares of the stock traded hands, compared to its average volume of 278,229,971. The company has a fifty day moving average price of $118.45 and a two-hundred day moving average price of $126.10. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The stock has a market cap of $3.48 trillion, a P/E ratio of 56.13, a PEG ratio of 1.76 and a beta of 2.12. 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 (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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 business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the firm earned $0.61 earnings per share. NVIDIA's revenue was up 69.2% compared to the same quarter last year. Equities research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal 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 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio is presently 1.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. DA Davidson lifted their target price on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Truist Financial lifted their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Bank of America increased their target price on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Arete Research upgraded NVIDIA to a "strong-buy" rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

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.