Mmbg Investment Advisors CO. Has $27.94 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Mmbg Investment Advisors CO. lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,056 shares of the computer hardware maker's stock after selling 40,869 shares during the quarter. NVIDIA accounts for 3.0% of Mmbg Investment Advisors CO.'s investment portfolio, making the stock its 9th biggest position. Mmbg Investment Advisors CO.'s holdings in NVIDIA were worth $27,940,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Lazard Asset Management LLC raised its position in shares of NVIDIA by 7.0% during the 4th quarter. Lazard Asset Management LLC now owns 5,350,203 shares of the computer hardware maker's stock valued at $718,476,000 after buying an additional 348,958 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at $896,656,000. LifePlan Investment Advisors Inc. raised its position in shares of NVIDIA by 30.2% during the 4th quarter. LifePlan Investment Advisors Inc. now owns 11,851 shares of the computer hardware maker's stock valued at $1,591,000 after buying an additional 2,746 shares in the last quarter. Lionshead Wealth Management LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at $1,648,000. Finally, Investor s Fiduciary Advisor Network LLC purchased a new position in NVIDIA in the 4th quarter worth $2,464,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on NVDA. Truist Financial lifted their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday. Raymond James lifted their target price on shares of NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday. 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. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, DA Davidson boosted their price objective on shares of NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday. One investment 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 issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Stock Performance

NVIDIA stock traded down $4.91 during midday trading on Friday, reaching $134.28. 332,224,842 shares of the company traded hands, compared to its average volume of 284,499,573. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The firm has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 52.85, 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. The business has a 50 day moving average of $115.48 and a two-hundred day moving average of $126.38.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. 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 period in the prior year, the company posted $0.61 earnings per share. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last three months. Corporate insiders own 4.17% of the company's stock.

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.