Virtue Capital Management LLC Trims Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Virtue Capital Management LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,405 shares of the computer hardware maker's stock after selling 3,809 shares during the period. NVIDIA accounts for approximately 2.8% of Virtue Capital Management LLC's holdings, making the stock its 10th largest position. Virtue Capital Management LLC's holdings in NVIDIA were worth $14,021,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the 4th quarter valued at about $28,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $40,000. LSV Asset Management bought a new stake in NVIDIA in the fourth quarter valued at approximately $54,000. Finally, Delos Wealth Advisors LLC raised its stake in NVIDIA by 134.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 493 shares of the computer hardware maker's stock valued at $66,000 after buying an additional 283 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NVDA traded up $1.73 during trading on Friday, hitting $141.72. 153,523,162 shares of the stock traded hands, compared to its average volume of 279,137,824. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a market cap of $3.46 trillion, a price-to-earnings ratio of 55.77, a PEG ratio of 1.76 and a beta of 2.12. 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 business has a 50 day moving average price of $118.45 and a 200 day moving average price of $126.38.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). The company had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's quarterly 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. Equities research 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 will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. The ex-dividend date 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%.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 125,836 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $137.79, for a total transaction of $17,338,942.44. Following the sale, the director now owns 10,149,697 shares of the company's stock, valued at approximately $1,398,526,749.63. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction on 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 sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,257,983 shares of company stock valued at $172,973,349. 4.17% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVDA. Needham & Company LLC restated a "buy" rating and issued a $160.00 price objective 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. Rosenblatt Securities increased their price objective on shares of NVIDIA from $178.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Truist Financial raised their target price on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Finally, TD Cowen raised their target price on shares of NVIDIA from $140.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.