KKM Financial LLC Sells 6,700 Shares of NVIDIA Co. (NASDAQ:NVDA)

KKM Financial LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,500 shares of the computer hardware maker's stock after selling 6,700 shares during the period. NVIDIA makes up approximately 1.6% of KKM Financial LLC's investment portfolio, making the stock its 16th largest holding. KKM Financial LLC's holdings in NVIDIA were worth $3,827,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new position in NVIDIA during the fourth quarter worth $28,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter worth $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the fourth quarter worth $40,000. Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth $46,000. Finally, LSV Asset Management acquired a new position in NVIDIA during the fourth quarter worth $54,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

Shares of NVDA traded down $0.69 during mid-day trading on Wednesday, reaching $134.81. The company had a trading volume of 290,644,109 shares, compared to its average volume of 288,597,502. The company's 50 day simple moving average is $114.51 and its 200 day simple moving average is $126.60. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share 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%. During the same quarter last year, the company earned $0.61 earnings per share. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred 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 sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last ninety days. Company insiders own 4.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial increased their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. 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 note on Thursday, April 3rd. Rosenblatt Securities cut their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, TD Cowen cut their price target on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $167.53.

About NVIDIA

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.