Jaffetilchin Investment Partners LLC Sells 11,043 Shares of NVIDIA Co. (NASDAQ:NVDA)

Jaffetilchin Investment Partners LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 417,586 shares of the computer hardware maker's stock after selling 11,043 shares during the period. NVIDIA accounts for 4.1% of Jaffetilchin Investment Partners LLC's investment portfolio, making the stock its 5th largest position. Jaffetilchin Investment Partners LLC's holdings in NVIDIA were worth $56,078,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Tacita Capital Inc purchased a new position in NVIDIA during the 4th quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the fourth quarter worth $34,000. Vision Financial Markets LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the subject of several recent research reports. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. UBS Group reissued a "buy" rating on shares of NVIDIA in a research report on Friday, April 25th. KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. 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 assigned a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $164.96.

NVIDIA Trading Down 0.6 %

NVIDIA stock traded down $0.72 during midday trading on Friday, hitting $116.65. 132,620,250 shares of the stock were exchanged, 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 stock has a market capitalization 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 company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $110.29 and a two-hundred day simple moving average of $127.28.

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. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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