NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Alaethes Wealth LLC

Alaethes Wealth LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 77,681 shares of the computer hardware maker's stock after selling 2,072 shares during the period. NVIDIA makes up 3.7% of Alaethes Wealth LLC's investment portfolio, making the stock its 4th largest holding. Alaethes Wealth LLC's holdings in NVIDIA were worth $10,432,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Tacita Capital Inc acquired a new stake in shares of NVIDIA in the 4th quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the 4th quarter worth $34,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly 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. Over the last quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.

NVIDIA Trading Up 0.8%

Shares of NVIDIA stock opened at $132.83 on Friday. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The firm has a market cap of $3.25 trillion, a PE ratio of 52.27, a P/E/G ratio of 1.76 and a beta of 2.11. The business's fifty day moving average is $113.57 and its two-hundred day moving average is $126.99. 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 issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a research note on Friday, April 25th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. TD Cowen reduced their price objective on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Morgan Stanley reduced their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average target price of $164.84.

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.

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