NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,190,687 shares of the computer hardware maker's stock after selling 40,381 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in NVIDIA were worth $159,897,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $40,000. LSV Asset Management purchased a new stake in shares of NVIDIA during the fourth quarter worth about $54,000. Finally, Delos Wealth Advisors LLC lifted its stake in NVIDIA by 134.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after buying an additional 283 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Citigroup restated a "buy" rating and issued a $180.00 price objective (up previously from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. TD Cowen upped their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Susquehanna reiterated a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $171.66.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 125,836 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $137.79, for a total value of $17,338,942.44. Following the transaction, the director now owns 10,149,697 shares in the company, valued at $1,398,526,749.63. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,257,983 shares of company stock worth $172,973,349 over the last 90 days. 4.17% of the stock is owned by insiders.

NVIDIA Stock Up 1.2%

NASDAQ NVDA traded up $1.73 during trading hours on Friday, hitting $141.72. 153,481,622 shares of the company were exchanged, compared to its average volume of 280,663,387. 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 firm has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.77, a PEG ratio of 1.76 and a beta of 2.12. The company has a 50 day moving average of $117.82 and a two-hundred day moving average of $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 issued its 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). The firm had revenue of $44.06 billion for 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%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.