NVIDIA Co. (NASDAQ:NVDA) Stake Lessened by Pathstone Holdings LLC

Pathstone Holdings LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,247,822 shares of the computer hardware maker's stock after selling 11,744 shares during the period. NVIDIA accounts for approximately 1.9% of Pathstone Holdings LLC's investment portfolio, making the stock its 8th biggest holding. Pathstone Holdings LLC's holdings in NVIDIA were worth $436,371,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NVDA. DiNuzzo Private Wealth Inc. grew its stake in NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after purchasing an additional 71 shares in the last quarter. Baker Boyer National Bank increased its stake in shares of NVIDIA by 3.3% during 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 during the period. Kwmg LLC raised its holdings 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 acquiring an additional 77 shares in the last quarter. SC&H Financial Advisors Inc. lifted its stake in 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 worth $681,000 after acquiring an additional 80 shares during the period. Finally, DecisionPoint Financial LLC increased its position in NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock valued at $386,000 after purchasing an additional 80 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last quarter. Corporate insiders own 4.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Raymond James lifted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "strong-buy" rating in a report on Thursday. Rosenblatt Securities upped their price objective on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research note on Thursday, April 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Up 3.2%

Shares of NASDAQ NVDA traded up $4.38 during trading on Thursday, hitting $139.19. The stock had a trading volume of 368,832,482 shares, compared to its average volume of 286,410,423. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a fifty day moving average of $114.85 and a two-hundred day moving average of $126.66. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a market capitalization of $3.40 trillion, a PE ratio of 54.78, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.36%.

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.