Sora Investors LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,856 shares of the computer hardware maker's stock after selling 17,144 shares during the period. NVIDIA accounts for approximately 2.0% of Sora Investors LLC's holdings, making the stock its 19th biggest holding. Sora Investors LLC's holdings in NVIDIA were worth $17,841,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC raised its holdings 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. Wealth Group Ltd. boosted its stake in NVIDIA by 1.8% in 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 period. Miracle Mile Advisors LLC increased its holdings in NVIDIA by 27.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 503,974 shares of the computer hardware maker's stock worth $67,679,000 after purchasing an additional 109,811 shares in the last quarter. PFW Advisors LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at about $3,354,000. Finally, Signet Financial Management LLC lifted its holdings in shares of NVIDIA by 27.0% in the fourth quarter. Signet Financial Management LLC now owns 23,742 shares of the computer hardware maker's stock valued at $3,188,000 after purchasing an additional 5,048 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
Insider Activity at NVIDIA
In related news, Director John Dabiri sold 2,663 shares of the company'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 completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last three months. 4.17% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Thursday. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Finally, KeyCorp set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $171.66.
Get Our Latest Stock Report on NVIDIA
NVIDIA Trading Down 3.5%
NVDA traded down $4.91 during trading on Friday, hitting $134.28. 332,224,842 shares of the stock were exchanged, compared to its average volume of 285,804,787. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a 50 day simple moving average of $115.20 and a 200 day simple moving average of $126.61. The firm has a market cap of $3.28 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. As a group, equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.
NVIDIA Company Profile
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Free Report)
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.
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