Higgins & Schmidt Wealth Strategies LLC Sells 3,786 Shares of NVIDIA Co. (NASDAQ:NVDA)

Higgins & Schmidt Wealth Strategies LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 55.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,054 shares of the computer hardware maker's stock after selling 3,786 shares during the period. Higgins & Schmidt Wealth Strategies LLC's holdings in NVIDIA were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $40,000. Copia Wealth Management acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $50,000. Finally, LSV Asset Management acquired a new stake in shares of NVIDIA during the 4th quarter worth approximately $54,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NVDA shares. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Susquehanna reissued a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday, May 28th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Stock Performance

NVDA stock traded up $1.73 during mid-day trading on Friday, hitting $141.72. 153,523,162 shares of the company were exchanged, compared to its average volume of 278,603,184. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The stock has a market capitalization of $3.46 trillion, a PE ratio of 55.77, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The business has a 50 day simple moving average of $118.45 and a 200-day simple moving average of $126.24. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. On average, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. 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 payout ratio is presently 1.29%.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 935,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 9,214,697 shares in the company, valued at approximately $1,298,535,101.24. The trade was a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,257,983 shares of company stock valued at $172,973,349. 4.17% of the stock is currently owned by corporate insiders.

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.