Snowden Capital Advisors LLC Has $109.85 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Snowden Capital Advisors LLC lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 817,970 shares of the computer hardware maker's stock after selling 17,103 shares during the quarter. NVIDIA accounts for about 3.4% of Snowden Capital Advisors LLC's portfolio, making the stock its 2nd largest position. Snowden Capital Advisors LLC's holdings in NVIDIA were worth $109,845,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NVDA shares. Summit Insights upgraded shares of NVIDIA from a "hold" rating to a "buy" rating in a report on Thursday. Truist Financial upped their target price on NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday. Finally, Susquehanna reaffirmed a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. One equities 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 given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price of $171.66.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's 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 completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.17% of the stock is owned by insiders.

NVIDIA Trading Down 3.5%

NASDAQ NVDA traded down $4.91 on Friday, reaching $134.28. The company had a trading volume of 332,224,842 shares, compared to its average volume of 285,804,787. The stock has a market cap of $3.28 trillion, a price-to-earnings ratio of 52.85, a PEG ratio of 1.76 and a beta of 2.11. 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 is $115.20 and its 200-day moving average is $126.61. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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

NVIDIA Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is currently 1.29%.

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.