OneDigital Investment Advisors LLC Trims Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

OneDigital Investment Advisors LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 386,933 shares of the computer hardware maker's stock after selling 55,323 shares during the period. OneDigital Investment Advisors LLC's holdings in NVIDIA were worth $51,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optivise Advisory Services LLC boosted its holdings in NVIDIA by 20.9% in the 4th quarter. Optivise Advisory Services LLC now owns 15,805 shares of the computer hardware maker's stock worth $2,121,000 after buying an additional 2,728 shares during the last quarter. Select Asset Management & Trust increased its position in shares of NVIDIA by 153.2% during the 4th quarter. Select Asset Management & Trust now owns 11,570 shares of the computer hardware maker's stock worth $1,554,000 after purchasing an additional 7,000 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. boosted its stake in NVIDIA by 0.5% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,159,681 shares of the computer hardware maker's stock worth $155,734,000 after buying an additional 5,583 shares during the period. WPWealth LLP increased its position in shares of NVIDIA by 9.4% during the fourth quarter. WPWealth LLP now owns 12,013 shares of the computer hardware maker's stock valued at $1,613,000 after acquiring an additional 1,033 shares during the last quarter. Finally, Wealth Dimensions Group Ltd. boosted its position in shares of NVIDIA by 15.7% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 48,004 shares of the computer hardware maker's stock worth $6,446,000 after purchasing an additional 6,497 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA stock traded down $1.69 during trading on Tuesday, hitting $133.88. 108,724,481 shares of the stock traded hands, compared to its average volume of 279,389,625. The stock has a market cap of $3.27 trillion, a price-to-earnings ratio of 52.83, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a one year low of $86.62 and a one year high of $153.13. The company has a 50 day simple moving average of $112.73 and a 200 day simple moving average of $126.93. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the 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 transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the business'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 transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. 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. Citigroup restated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $164.84.

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.