NVIDIA Co. (NASDAQ:NVDA) Position Decreased by First Heartland Consultants Inc.

First Heartland Consultants Inc. lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,369 shares of the computer hardware maker's stock after selling 6,370 shares during the quarter. NVIDIA comprises approximately 1.1% of First Heartland Consultants Inc.'s portfolio, making the stock its 21st largest position. First Heartland Consultants Inc.'s holdings in NVIDIA were worth $11,733,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NVDA. Kolinsky Wealth Management LLC raised its stake in shares of NVIDIA by 4.5% in the 4th quarter. Kolinsky Wealth Management LLC now owns 34,614 shares of the computer hardware maker's stock valued at $4,648,000 after acquiring an additional 1,492 shares during the period. White Knight Strategic Wealth Advisors LLC increased its holdings in NVIDIA by 100.1% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 102,382 shares of the computer hardware maker's stock valued at $13,749,000 after purchasing an additional 51,223 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in NVIDIA in the fourth quarter valued at approximately $1,989,000. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lifted its stake in NVIDIA by 374.5% during the fourth quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. now owns 229,523 shares of the computer hardware maker's stock worth $30,823,000 after purchasing an additional 181,156 shares in the last quarter. Finally, Lantern Wealth Advisors LLC boosted its position in shares of NVIDIA by 0.8% during the fourth quarter. Lantern Wealth Advisors LLC now owns 12,915 shares of the computer hardware maker's stock worth $1,734,000 after buying an additional 99 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last three months. Company insiders own 4.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVDA shares. Arete Research upgraded NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $171.66.

NVIDIA Stock Up 2.8%

Shares of NASDAQ:NVDA traded up $3.84 during midday trading on Tuesday, reaching $141.22. The company had a trading volume of 224,730,554 shares, compared to its average volume of 283,923,337. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. 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 stock has a market capitalization of $3.45 trillion, a P/E ratio of 55.58, a PEG ratio of 1.76 and a beta of 2.11. The stock's fifty day moving average price is $115.95 and its 200-day moving average price is $126.21.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the firm posted $0.61 EPS. NVIDIA's revenue for the quarter was up 69.2% on a year-over-year basis. Equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis 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.