Stifel Financial Corp Cuts Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Stifel Financial Corp decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,352,115 shares of the computer hardware maker's stock after selling 157,452 shares during the period. NVIDIA comprises 2.6% of Stifel Financial Corp's portfolio, making the stock its 3rd biggest holding. Stifel Financial Corp owned about 0.07% of NVIDIA worth $2,464,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVDA. Optivise Advisory Services LLC raised its stake in shares of NVIDIA by 20.9% in the fourth quarter. Optivise Advisory Services LLC now owns 15,805 shares of the computer hardware maker's stock valued at $2,121,000 after acquiring an additional 2,728 shares during the last quarter. Select Asset Management & Trust raised its stake in shares of NVIDIA by 153.2% in the fourth quarter. Select Asset Management & Trust now owns 11,570 shares of the computer hardware maker's stock valued at $1,554,000 after acquiring an additional 7,000 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of NVIDIA by 0.5% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,159,681 shares of the computer hardware maker's stock valued at $155,734,000 after acquiring an additional 5,583 shares during the last quarter. WPWealth LLP raised its stake in shares of NVIDIA by 9.4% in 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. raised its stake in shares of NVIDIA by 15.7% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 48,004 shares of the computer hardware maker's stock valued at $6,446,000 after acquiring an additional 6,497 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NVDA. DA Davidson cut 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. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.84.

NVIDIA Trading Up 0.4%

Shares of NVDA stock traded up $0.57 on Friday, hitting $135.40. The stock had a trading volume of 221,859,039 shares, compared to its average volume of 294,737,502. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The firm has a market cap of $3.31 trillion, a P/E ratio of 53.29, a PEG ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $112.33 and a two-hundred day moving average price of $126.97.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were 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 was Wednesday, March 12th. NVIDIA's payout ratio is presently 1.36%.

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The shares were 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction 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 transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

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.