Heritage Wealth Advisors Reduces Holdings in NVIDIA Co. (NASDAQ:NVDA)

Heritage Wealth Advisors lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 14.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,328 shares of the computer hardware maker's stock after selling 7,403 shares during the quarter. Heritage Wealth Advisors' holdings in NVIDIA were worth $6,087,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NVDA. Graney & King LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $582,000. Sellwood Investment Partners LLC purchased a new stake in NVIDIA during the 4th quarter valued at approximately $184,000. Blue Grotto Capital LLC acquired a new stake in NVIDIA during the 4th quarter worth approximately $8,245,000. Dechtman Wealth Management LLC grew its stake in shares of NVIDIA by 3.2% in the 4th quarter. Dechtman Wealth Management LLC now owns 26,576 shares of the computer hardware maker's stock valued at $3,569,000 after purchasing an additional 828 shares during the last quarter. Finally, Banco BTG Pactual S.A. increased its holdings in shares of NVIDIA by 113.0% in the fourth quarter. Banco BTG Pactual S.A. now owns 282,952 shares of the computer hardware maker's stock valued at $39,135,000 after purchasing an additional 150,082 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Rosenblatt Securities lowered their target price on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a report on Wednesday. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a research report on Friday, April 25th. Finally, HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $164.96.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's 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 sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Up 2.5 %

NVDA stock traded up $2.69 during midday trading on Thursday, hitting $111.61. The stock had a trading volume of 234,728,400 shares, compared to its average volume of 302,596,996. NVIDIA Co. has a 12-month low of $81.25 and a 12-month high of $195.95. The firm has a market cap of $2.72 trillion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company's 50-day moving average price is $111.47 and its 200 day moving average price is $128.49. 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 released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS 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 analyst estimates of $38.16 billion. On average, equities research analysts predict 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 was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is presently 1.36%.

About NVIDIA

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.