3Chopt Investment Partners LLC Has $20.98 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

3Chopt Investment Partners LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 156,190 shares of the computer hardware maker's stock after selling 3,590 shares during the period. NVIDIA comprises 7.2% of 3Chopt Investment Partners LLC's holdings, making the stock its 3rd largest position. 3Chopt Investment Partners LLC's holdings in NVIDIA were worth $20,975,000 as of its most recent SEC filing.

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

Insider Buying and Selling at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last quarter. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Up 5.6%

Shares of NVDA traded up $6.93 during midday trading on Tuesday, reaching $129.93. 327,417,936 shares of the company were exchanged, compared to its average volume of 296,205,755. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The stock has a 50-day moving average price of $110.40 and a 200-day moving average price of $127.06. The company has a market cap of $3.18 trillion, a price-to-earnings ratio of 51.13, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly 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 return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. Research analysts expect 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. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NVDA shares. TD Cowen cut their price target on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $164.84.

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.