Concentric Capital Strategies LP Decreases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Concentric Capital Strategies LP decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 42.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 195,321 shares of the computer hardware maker's stock after selling 142,376 shares during the quarter. NVIDIA accounts for about 1.2% of Concentric Capital Strategies LP's investment portfolio, making the stock its 10th largest position. Concentric Capital Strategies LP's holdings in NVIDIA were worth $26,230,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA during the 4th quarter valued at $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $46,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ NVDA traded up $4.21 on Tuesday, reaching $135.50. The company's stock had a trading volume of 191,793,409 shares, compared to its average volume of 288,540,280. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. 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 firm has a market cap of $3.31 trillion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The business has a 50-day moving average price of $114.17 and a 200 day moving average price of $126.54.

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

NVIDIA Dividend Announcement

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

Insider Activity

In other news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction that occurred on 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 directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.17% of the company's stock.

Analyst Ratings Changes

NVDA has been the subject of several research analyst reports. Wedbush downgraded NVIDIA from an "outperform" rating to a "cautious" rating in a research note on Friday. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Truist Financial boosted their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $167.53.

NVIDIA Company 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.