ClearAlpha Technologies LP trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 59.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600 shares of the computer hardware maker's stock after selling 2,370 shares during the quarter. ClearAlpha Technologies LP's holdings in NVIDIA were worth $215,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in NVDA. DiNuzzo Private Wealth Inc. boosted its holdings 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 valued at $1,157,000 after acquiring an additional 71 shares during the last quarter. Baker Boyer National Bank boosted its holdings in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after acquiring an additional 76 shares during the last quarter. Kwmg LLC boosted its holdings in 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 during the last quarter. SC&H Financial Advisors Inc. increased its holdings 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 purchasing an additional 80 shares in the last quarter. Finally, DecisionPoint Financial LLC boosted its holdings in shares of NVIDIA by 2.9% during the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after buying an additional 80 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
Insiders Place Their Bets
In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated 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 approximately $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 in the last quarter. Insiders own 4.23% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently commented on NVDA. William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. TD Cowen decreased their price objective on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Bank of America lifted their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. DA Davidson decreased their price target on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Barclays cut their price objective on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.
View Our Latest Research Report on NVDA
NVIDIA Trading Up 0.1%
Shares of NASDAQ NVDA traded up $0.17 during midday trading on Monday, reaching $135.57. The company had a trading volume of 192,257,358 shares, compared to its average volume of 294,328,000. The stock has a market cap of $3.32 trillion, a PE ratio of 53.35, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a one year low of $86.62 and a one year high of $195.95. The firm's fifty day moving average price is $112.33 and its 200-day moving average price is $126.93. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced 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 firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is currently 1.36%.
About NVIDIA
(
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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