North Star Asset Management Inc. Has $27.31 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

North Star Asset Management Inc. decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 203,325 shares of the computer hardware maker's stock after selling 11,665 shares during the quarter. NVIDIA accounts for about 1.2% of North Star Asset Management Inc.'s investment portfolio, making the stock its 26th largest position. North Star Asset Management Inc.'s holdings in NVIDIA were worth $27,305,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Regent Peak Wealth Advisors LLC boosted its stake in NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after purchasing an additional 322 shares during the period. Wealth Group Ltd. lifted its stake in shares of NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock valued at $766,000 after purchasing an additional 100 shares during the last quarter. Mason & Associates Inc lifted its stake in shares of NVIDIA by 5.4% in the 4th quarter. Mason & Associates Inc now owns 39,789 shares of the computer hardware maker's stock valued at $5,343,000 after purchasing an additional 2,029 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of NVIDIA by 10.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 148,930 shares of the computer hardware maker's stock valued at $20,000,000 after purchasing an additional 14,363 shares during the last quarter. Finally, IFS Advisors LLC lifted its position in NVIDIA by 17.1% during the 4th quarter. IFS Advisors LLC now owns 1,060 shares of the computer hardware maker's stock worth $142,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays reissued an "overweight" rating and set a $170.00 target price (up previously from $155.00) on shares of NVIDIA in a research report on Thursday, May 29th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Arete Research raised shares of NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Piper Sandler reiterated an "overweight" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a research report on Wednesday, May 28th. Finally, Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Down 1.4%

NVIDIA stock traded down $1.93 during mid-day trading on Thursday, reaching $139.99. The company's stock had a trading volume of 228,903,974 shares, compared to its average volume of 282,161,719. The company has a market capitalization of $3.42 trillion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The business's 50 day simple moving average is $117.19 and its 200 day simple moving average is $126.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

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 analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue was up 69.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 EPS. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 125,836 shares of NVIDIA stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $137.79, for a total value of $17,338,942.44. Following the completion of the sale, the director now owns 10,149,697 shares in the company, valued at $1,398,526,749.63. The trade was a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,257,983 shares of company stock worth $172,973,349. 4.17% of the stock is owned by insiders.

About NVIDIA

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.