NVIDIA Co. (NASDAQ:NVDA) Position Trimmed by Geller Advisors LLC

Geller Advisors LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,196 shares of the computer hardware maker's stock after selling 10,589 shares during the quarter. NVIDIA accounts for 0.6% of Geller Advisors LLC's investment portfolio, making the stock its 16th largest holding. Geller Advisors LLC's holdings in NVIDIA were worth $9,427,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC grew 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 valued at $10,989,000 after acquiring an additional 322 shares during the last quarter. Partnership Wealth Management LLC grew its stake in NVIDIA by 4.6% in the 4th quarter. Partnership Wealth Management LLC now owns 9,809 shares of the computer hardware maker's stock valued at $1,317,000 after acquiring an additional 429 shares during the last quarter. Wealth Group Ltd. boosted its stake in shares of NVIDIA by 1.8% during the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after purchasing an additional 100 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its stake in shares of NVIDIA by 0.8% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 58,975 shares of the computer hardware maker's stock worth $7,920,000 after purchasing an additional 469 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in shares of NVIDIA by 23.5% during the 4th quarter. ORG Partners LLC now owns 71,958 shares of the computer hardware maker's stock worth $9,664,000 after purchasing an additional 13,669 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVDA. Wedbush cut shares of NVIDIA from an "outperform" rating to a "cautious" rating in a research note on Friday, May 23rd. Susquehanna reaffirmed a "positive" rating and set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, DA Davidson cut their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $167.53.

Insiders Place Their Bets

In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVIDIA stock traded down $0.69 during midday trading on Wednesday, hitting $134.81. The company's stock had a trading volume of 290,644,109 shares, compared to its average volume of 288,583,015. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock's 50-day moving average price is $114.51 and its 200-day moving average price is $126.60. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a market capitalization of $3.30 trillion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS 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%. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

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.