LRI Investments LLC Sells 2,190 Shares of NVIDIA Co. (NASDAQ:NVDA)

LRI Investments LLC decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 66,020 shares of the computer hardware maker's stock after selling 2,190 shares during the period. NVIDIA accounts for 0.8% of LRI Investments LLC's investment portfolio, making the stock its 21st largest position. LRI Investments LLC's holdings in NVIDIA were worth $8,866,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. LifePlan Investment Advisors Inc. lifted its holdings in NVIDIA by 30.2% during the 4th quarter. LifePlan Investment Advisors Inc. now owns 11,851 shares of the computer hardware maker's stock worth $1,591,000 after purchasing an additional 2,746 shares in the last quarter. Lionshead Wealth Management LLC purchased a new stake in NVIDIA during the 4th quarter worth about $1,648,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at about $2,464,000. Ionic Capital Management LLC raised its holdings in shares of NVIDIA by 471.4% in the 4th quarter. Ionic Capital Management LLC now owns 3,000 shares of the computer hardware maker's stock valued at $403,000 after acquiring an additional 2,475 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of NVIDIA by 8.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 12,335,343 shares of the computer hardware maker's stock valued at $1,656,513,000 after acquiring an additional 998,888 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 0.5%

NASDAQ:NVDA traded down $0.69 during trading hours on Wednesday, reaching $134.81. 290,644,109 shares of the company traded hands, compared to its average volume of 287,150,558. The business's 50-day moving average price is $114.51 and its two-hundred day moving average price is $126.60. The stock has a market capitalization of $3.30 trillion, a P/E ratio of 53.05, 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. 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 (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (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%. During the same period in the previous year, the firm posted $0.61 EPS. NVIDIA's revenue was up 69.2% on a year-over-year basis. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA 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 transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVDA shares. Barclays lowered their price target on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Wedbush cut NVIDIA from an "outperform" rating to a "cautious" rating in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $167.53.

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.