KKM Financial LLC Has $3.83 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

KKM Financial LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,500 shares of the computer hardware maker's stock after selling 6,700 shares during the quarter. NVIDIA makes up 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Guardian Wealth Advisors LLC NC raised its stake in NVIDIA by 8.9% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 170,951 shares of the computer hardware maker's stock valued at $22,957,000 after purchasing an additional 13,906 shares during the period. Gen Wealth Partners Inc grew its holdings in shares of NVIDIA by 230.2% during the fourth quarter. Gen Wealth Partners Inc now owns 11,160 shares of the computer hardware maker's stock valued at $1,499,000 after buying an additional 7,780 shares in the last quarter. Greenline Partners LLC acquired a new position in NVIDIA during the fourth quarter valued at $145,000. Fosun International Ltd purchased a new stake in NVIDIA in the 4th quarter worth about $208,000. Finally, Francis Financial Inc. boosted its position in NVIDIA by 254.2% during the 4th quarter. Francis Financial Inc. now owns 44,460 shares of the computer hardware maker's stock worth $5,971,000 after acquiring an additional 31,907 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NVDA shares. Bank of America increased their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Barclays cut their target price on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Wedbush cut NVIDIA from an "outperform" rating to a "cautious" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $167.53.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Performance

NVDA opened at $131.29 on Tuesday. The stock's 50 day simple moving average is $114.17 and its 200-day simple moving average is $126.54. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.21 trillion, a PE ratio of 51.67, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is presently 1.36%.

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.

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