KKM Financial LLC Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

KKM Financial LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent filing with the SEC. 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 about 1.6% of KKM Financial LLC's holdings, making the stock its 16th biggest holding. KKM Financial LLC's holdings in NVIDIA were worth $3,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in NVIDIA by 0.7% in the 4th quarter. FMR LLC now owns 1,004,376,608 shares of the computer hardware maker's stock worth $134,877,735,000 after acquiring an additional 6,665,252 shares during the period. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 555,548,278 shares of the computer hardware maker's stock valued at $74,439,273,000 after purchasing an additional 9,468,786 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of NVIDIA by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 411,328,951 shares of the computer hardware maker's stock worth $55,237,367,000 after acquiring an additional 3,721,331 shares during the last quarter. Norges Bank acquired a new position in NVIDIA during the 4th quarter worth $43,515,504,000. Finally, Northern Trust Corp boosted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last three months. 4.17% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on NVDA shares. Rosenblatt Securities upped their target price on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday. Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Bank of America upped their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $2.98 during trading hours on Friday, reaching $136.22. The company had a trading volume of 82,554,544 shares, compared to its average volume of 276,468,563. The business has a fifty day simple moving average of $115.20 and a 200 day simple moving average of $126.61. NVIDIA Co. has a one year low of $86.62 and a one year high of $153.13. The firm has a market cap of $3.33 trillion, a PE ratio of 53.59, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be issued 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 is Wednesday, June 11th. NVIDIA's payout ratio is 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.