NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,923 shares of the computer hardware maker's stock after selling 1,336 shares during the quarter. NVIDIA accounts for about 1.0% of Schechter Investment Advisors LLC's portfolio, making the stock its 21st largest position. Schechter Investment Advisors LLC's holdings in NVIDIA were worth $11,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NVDA. Vanguard Group Inc. increased its holdings in shares of NVIDIA by 1.1% in the third quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker's stock worth $88,598,850,000 after acquiring an additional 2,287,471 shares in the last quarter. Geode Capital Management LLC grew its position in shares of NVIDIA by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 46,056,013 shares of the computer hardware maker's stock valued at $12,763,663,000 after purchasing an additional 267,061 shares during the period. Morgan Stanley increased its stake in NVIDIA by 20.2% during the 4th quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker's stock worth $4,023,783,000 after purchasing an additional 4,621,002 shares in the last quarter. Norges Bank acquired a new stake in NVIDIA during the 4th quarter worth approximately $3,900,874,000. Finally, Northern Trust Corp lifted its stake in NVIDIA by 3.6% in the third quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker's stock valued at $11,445,211,000 after buying an additional 910,009 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the firm's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares of the company's stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of the stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the completion of the transaction, the director now owns 1,134,583 shares of the company's stock, valued at approximately $620,560,171.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 128 shares of the firm's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company's stock, valued at approximately $1,931,700. The disclosure for this sale can be found here. In the last quarter, insiders have sold 105,352 shares of company stock worth $64,853,077. 3.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Loop Capital started coverage on shares of NVIDIA in a report on Friday, February 16th. They set a "buy" rating and a $1,200.00 price objective on the stock. Wells Fargo & Company boosted their price target on NVIDIA from $840.00 to $970.00 and gave the company an "overweight" rating in a report on Tuesday, March 19th. Raymond James increased their price objective on NVIDIA from $600.00 to $700.00 and gave the stock a "strong-buy" rating in a report on Friday, January 19th. Oppenheimer lifted their target price on NVIDIA from $850.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Wednesday, March 20th. Finally, Wolfe Research raised their target price on shares of NVIDIA from $630.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $908.68.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA traded up $1.06 during trading on Friday, hitting $903.56. The company's stock had a trading volume of 43,521,227 shares, compared to its average volume of 61,106,484. The company has a 50-day moving average of $772.45 and a 200-day moving average of $574.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a market cap of $2.26 trillion, a price-to-earnings ratio of 75.68, a P/E/G ratio of 1.30 and a beta of 1.73. NVIDIA Co. has a 12 month low of $262.20 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company's revenue for the quarter was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, sell-side analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA's dividend payout ratio (DPR) is presently 1.34%.

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.