Objective Capital Management LLC Cuts Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Objective Capital Management LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,970 shares of the computer hardware maker's stock after selling 4,917 shares during the period. NVIDIA makes up 2.2% of Objective Capital Management LLC's portfolio, making the stock its 7th biggest position. Objective Capital Management LLC's holdings in NVIDIA were worth $3,219,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Triton Wealth Management PLLC lifted its stake in NVIDIA by 4.6% in the 4th quarter. Triton Wealth Management PLLC now owns 51,074 shares of the computer hardware maker's stock valued at $7,469,000 after acquiring an additional 2,259 shares in the last quarter. 111 Capital bought a new stake in NVIDIA in the 4th quarter valued at approximately $17,419,000. Thoma Capital Management LLC bought a new stake in NVIDIA in the 4th quarter valued at approximately $1,558,000. Members Wealth LLC bought a new stake in NVIDIA in the 4th quarter valued at approximately $1,616,000. Finally, Tableaux LLC bought a new stake in NVIDIA in the 4th quarter valued at approximately $268,000. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction dated 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 sale, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,257,983 shares of company stock valued at $172,973,349. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Up 1.2%

NVDA stock opened at $141.72 on Friday. The business's fifty day moving average price is $118.45 and its two-hundred day moving average price is $126.24. The stock has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 55.77, a PEG ratio of 1.76 and a beta of 2.12. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The business 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 company's revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. On average, equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is presently 1.29%.

Analyst Ratings Changes

Several equities research analysts have commented on NVDA shares. Wedbush restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, May 29th. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. KeyCorp set a $190.00 target price on NVIDIA in a research note on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research report on Thursday, May 29th. Finally, HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $171.66.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.