NVIDIA Co. (NASDAQ:NVDA) is Stifel Financial Corp's 3rd Largest Position

Stifel Financial Corp lessened its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,352,115 shares of the computer hardware maker's stock after selling 157,452 shares during the quarter. NVIDIA makes up approximately 2.6% of Stifel Financial Corp's holdings, making the stock its 3rd biggest holding. Stifel Financial Corp owned about 0.07% of NVIDIA worth $2,464,524,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tacita Capital Inc acquired a new stake in NVIDIA during the fourth quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the fourth quarter worth about $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, 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 completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 1.9%

Shares of NASDAQ:NVDA opened at $131.80 on Thursday. 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 company has a market cap of $3.22 trillion, a PE ratio of 51.87, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The firm has a 50 day simple moving average of $113.31 and a 200 day simple moving average of $127.02.

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

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the topic of a number of recent analyst reports. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a report on Wednesday, April 30th. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Rosenblatt Securities decreased their price objective on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.