NVIDIA Co. (NASDAQ:NVDA) Shares Sold by GS Investments Inc.

GS Investments Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,328 shares of the computer hardware maker's stock after selling 9,678 shares during the period. NVIDIA accounts for 2.3% of GS Investments Inc.'s portfolio, making the stock its 14th largest position. GS Investments Inc.'s holdings in NVIDIA were worth $5,147,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Tacita Capital Inc purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the 4th quarter valued at $34,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA in the fourth quarter valued at about $46,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 4.3 %

NASDAQ:NVDA traded up $4.58 during midday trading on Friday, hitting $111.01. The stock had a trading volume of 250,248,639 shares, compared to its average volume of 304,641,559. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $113.21 and a 200 day moving average of $128.95. The company has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a one year low of $81.25 and a one year high of $195.95.

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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last 90 days. Company insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NVDA shares. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. TD Cowen reduced their price target on NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

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.