NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Accent Capital Management LLC

Accent Capital Management LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,675 shares of the computer hardware maker's stock after selling 14,804 shares during the period. NVIDIA makes up about 10.3% of Accent Capital Management LLC's investment portfolio, making the stock its 2nd biggest holding. Accent Capital Management LLC's holdings in NVIDIA were worth $17,951,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVDA. Seaport Res Ptn upgraded shares of NVIDIA to a "strong sell" rating in a report on Wednesday. Bank of America reduced their target price on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a research report on Friday, April 25th. Finally, Morgan Stanley decreased their price objective on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $164.96.

NVIDIA Stock Performance

NASDAQ NVDA opened at $111.61 on Friday. The stock has a market cap of $2.72 trillion, a PE ratio of 43.92, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a 50-day moving average of $111.09 and a 200-day moving average of $128.31. NVIDIA Co. has a 52-week low of $83.20 and a 52-week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (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 firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

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.

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