Laird Norton Wetherby Wealth Management LLC Sells 48,084 Shares of NVIDIA Co. (NASDAQ:NVDA)

Laird Norton Wetherby Wealth Management LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 677,912 shares of the computer hardware maker's stock after selling 48,084 shares during the period. NVIDIA accounts for about 4.4% of Laird Norton Wetherby Wealth Management LLC's investment portfolio, making the stock its 4th biggest holding. Laird Norton Wetherby Wealth Management LLC's holdings in NVIDIA were worth $91,037,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NVDA. Regent Peak Wealth Advisors LLC lifted its position in shares of NVIDIA by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock valued at $10,989,000 after acquiring an additional 322 shares during the last quarter. Wealth Group Ltd. boosted its holdings in shares of NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares during the period. Czech National Bank boosted its holdings in shares of NVIDIA by 6.1% in the fourth quarter. Czech National Bank now owns 5,316,840 shares of the computer hardware maker's stock worth $713,998,000 after buying an additional 305,153 shares during the period. Aprio Wealth Management LLC boosted its holdings in shares of NVIDIA by 14.0% in the fourth quarter. Aprio Wealth Management LLC now owns 26,549 shares of the computer hardware maker's stock worth $3,565,000 after buying an additional 3,264 shares during the period. Finally, Matrix Trust Co acquired a new position in shares of NVIDIA in the fourth quarter worth about $155,000. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade 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 valued at $17,133,207 over the last quarter. 4.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NVDA has been the topic of several research analyst reports. Wedbush cut shares of NVIDIA from an "outperform" rating to a "cautious" rating in a research report on Friday, May 23rd. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research report on Thursday, April 3rd. Needham & Company LLC reiterated a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Barclays lowered their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.53.

NVIDIA Stock Performance

NVIDIA stock traded down $0.69 on Wednesday, reaching $134.81. 290,644,109 shares of the stock were exchanged, compared to its average volume of 287,150,558. The stock has a market cap of $3.30 trillion, a PE ratio of 53.05, a PEG ratio of 1.76 and a beta of 2.11. 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 Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The firm has a fifty day moving average price of $114.51 and a two-hundred day moving average price of $126.60.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's quarterly revenue was up 69.2% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

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.