NVIDIA Co. (NASDAQ:NVDA) Stake Lowered by McAlister Sweet & Associates Inc.

McAlister Sweet & Associates Inc. lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,253 shares of the computer hardware maker's stock after selling 2,319 shares during the period. NVIDIA accounts for about 3.9% of McAlister Sweet & Associates Inc.'s portfolio, making the stock its 9th biggest position. McAlister Sweet & Associates Inc.'s holdings in NVIDIA were worth $5,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter worth approximately $40,000. Copia Wealth Management bought a new stake in NVIDIA in the fourth quarter worth approximately $50,000. Finally, LSV Asset Management acquired a new position in NVIDIA in the fourth quarter valued at approximately $54,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on NVDA. Hsbc Global Res downgraded shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Barclays reiterated an "overweight" rating and set a $170.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Thursday, May 29th. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Raymond James upped their price target on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $172.24.

NVIDIA Trading Up 1.8%

Shares of NVDA traded up $2.50 during mid-day trading on Monday, reaching $144.47. The company's stock had a trading volume of 41,888,718 shares, compared to its average volume of 275,466,294. The company's fifty day moving average price is $122.77 and its two-hundred day moving average price is $126.32. 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 Co. has a 52 week low of $86.62 and a 52 week high of $153.13. The stock has a market cap of $3.53 trillion, a PE ratio of 56.94, a P/E/G ratio of 1.76 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion during 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%. The firm's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 EPS. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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 $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 payout ratio is 1.29%.

Insiders Place Their Bets

In other news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,560,845 shares of company stock worth $360,351,849. 4.17% of the stock is currently 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.