Lighthouse Investment Partners LLC Sells 22,654 Shares of NVIDIA Co. (NASDAQ:NVDA)

Lighthouse Investment Partners LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 43.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,377 shares of the computer hardware maker's stock after selling 22,654 shares during the period. Lighthouse Investment Partners LLC's holdings in NVIDIA were worth $3,945,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new stake in shares of NVIDIA in the 4th quarter worth about $28,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the 4th quarter worth about $40,000. LSV Asset Management purchased a new stake in shares of NVIDIA in the 4th quarter worth about $54,000. Finally, Gleason Group Inc. lifted its position in shares of NVIDIA by 52.9% in the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Truist Financial lifted their price target on shares of NVIDIA from $205.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, May 23rd. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, Raymond James lifted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a research report on Thursday. One equities research 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Price Performance

Shares of NVDA stock traded down $4.91 during mid-day trading on Friday, hitting $134.28. The company had a trading volume of 332,224,842 shares, compared to its average volume of 284,499,573. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The stock's 50 day moving average price is $115.48 and its 200-day moving average price is $126.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $3.28 trillion, a P/E ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its 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). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. During the same period last year, the firm posted $0.61 EPS. NVIDIA's quarterly revenue was up 69.2% compared to the same quarter last year. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11% 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, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction 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 in the company, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. 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 90 days. 4.17% of the stock is owned by corporate insiders.

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.