Monetary Management Group Inc. Sells 5,715 Shares of NVIDIA Co. (NASDAQ:NVDA)

Monetary Management Group Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,310 shares of the computer hardware maker's stock after selling 5,715 shares during the period. NVIDIA accounts for 6.6% of Monetary Management Group Inc.'s portfolio, making the stock its 3rd largest position. Monetary Management Group Inc.'s holdings in NVIDIA were worth $25,422,000 as of its most recent SEC filing.

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

NVIDIA Stock Performance

Shares of NVIDIA stock traded down $0.72 during trading on Friday, reaching $116.65. The company's stock had a trading volume of 132,620,250 shares, compared to its average volume of 296,326,827. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. The firm has a market cap of $2.85 trillion, a PE ratio of 45.91, a P/E/G ratio of 1.76 and a beta of 2.11. The business's 50-day moving average price is $110.29 and its 200-day moving average price is $127.28. 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 earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is 1.36%.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Corporate insiders own 4.23% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on NVDA. Benchmark reaffirmed a "buy" rating and set a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. TD Cowen cut their target price on NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Raymond James reissued a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Truist Financial lifted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Barclays dropped their price target on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.

NVIDIA Company 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.