NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Zacks Investment Management

Zacks Investment Management decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,843,774 shares of the computer hardware maker's stock after selling 216,149 shares during the quarter. NVIDIA accounts for 3.5% of Zacks Investment Management's portfolio, making the stock its 2nd largest position. Zacks Investment Management's holdings in NVIDIA were worth $381,891,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC purchased a new stake in NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA in the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA in the fourth quarter worth $46,000. Institutional investors own 65.27% of the company's stock.

NVIDIA Trading Down 0.4%

NASDAQ:NVDA traded down $0.51 on Thursday, hitting $134.83. 225,714,934 shares of the stock were exchanged, compared to its average volume of 295,380,357. 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 fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock has a market cap of $3.30 trillion, a PE ratio of 53.06, a PEG ratio of 1.76 and a beta of 2.11. The stock has a fifty day moving average of $111.24 and a 200-day moving average of $127.14.

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 for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. As a group, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NVDA shares. Wedbush reissued an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Piper Sandler reissued an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Morgan Stanley lowered their target price on NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.84.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA 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 sale, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was 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 valued at $17,133,207. Insiders own 4.23% of the company's stock.

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.