NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,015,025 shares of the computer hardware maker's stock after selling 175,964 shares during the quarter. NVIDIA accounts for 2.6% of Gotham Asset Management LLC's portfolio, making the stock its 3rd biggest holding. Gotham Asset Management LLC's holdings in NVIDIA were worth $270,598,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC increased its position in shares of NVIDIA by 0.4% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after acquiring an additional 322 shares during the period. Partnership Wealth Management LLC lifted its stake in NVIDIA by 4.6% in the fourth quarter. Partnership Wealth Management LLC now owns 9,809 shares of the computer hardware maker's stock worth $1,317,000 after acquiring an additional 429 shares during the period. Wealth Group Ltd. lifted its stake in NVIDIA by 1.8% in the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after acquiring an additional 100 shares during the period. Baker Tilly Wealth Management LLC lifted its stake in NVIDIA by 0.8% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 58,975 shares of the computer hardware maker's stock worth $7,920,000 after acquiring an additional 469 shares during the period. Finally, ORG Partners LLC lifted its stake in NVIDIA by 23.5% in the fourth quarter. ORG Partners LLC now owns 71,958 shares of the computer hardware maker's stock worth $9,664,000 after acquiring an additional 13,669 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company's stock, 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 90 days, 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

Shares of NVIDIA stock traded up $4.12 during trading hours on Thursday, reaching $138.93. 290,607,307 shares of the company's stock were exchanged, compared to its average volume of 287,213,589. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The company has a market capitalization of $3.40 trillion, a P/E ratio of 54.74, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The business has a fifty day moving average of $114.85 and a two-hundred day moving average of $126.66. 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 announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $43.09 billion. During the same quarter in the previous year, the business posted $0.61 EPS. The business's quarterly revenue was up 69.2% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Susquehanna reissued a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $171.66.

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.