Nebula Research & Development LLC Sells 19,697 Shares of NVIDIA Co. (NASDAQ:NVDA)

Nebula Research & Development LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 63.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,394 shares of the computer hardware maker's stock after selling 19,697 shares during the quarter. Nebula Research & Development LLC's holdings in NVIDIA were worth $1,530,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NVDA. DiNuzzo Private Wealth Inc. raised its holdings in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after purchasing an additional 71 shares during the last quarter. Baker Boyer National Bank grew its stake in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after buying an additional 76 shares in the last quarter. Kwmg LLC grew its stake in shares of NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock valued at $1,755,000 after buying an additional 77 shares in the last quarter. SC&H Financial Advisors Inc. grew its stake in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock valued at $681,000 after buying an additional 80 shares in the last quarter. Finally, DecisionPoint Financial LLC grew its stake in shares of NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after buying an additional 80 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Price Performance

NASDAQ NVDA traded down $1.19 during trading hours on Tuesday, hitting $134.38. The company had a trading volume of 160,519,454 shares, compared to its average volume of 293,703,320. The firm has a 50 day simple moving average of $112.73 and a 200 day simple moving average of $126.93. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The firm has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.88, a PEG ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the firm's 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 $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares in the company, 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. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last ninety days. 4.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. DA Davidson decreased their target price on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Mizuho decreased their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.84.

NVIDIA 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.