NVIDIA Co. (NASDAQ:NVDA) is HighPoint Advisor Group LLC's 2nd Largest Position

HighPoint Advisor Group LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 785,298 shares of the computer hardware maker's stock after selling 4,310 shares during the quarter. NVIDIA makes up about 5.8% of HighPoint Advisor Group LLC's investment portfolio, making the stock its 2nd largest position. HighPoint Advisor Group LLC's holdings in NVIDIA were worth $104,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NVDA. DiNuzzo Private Wealth Inc. raised its stake in NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after acquiring an additional 71 shares during the period. Palisade Asset Management LLC lifted its position in shares of NVIDIA by 0.5% in the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after buying an additional 75 shares in the last quarter. Baker Boyer National Bank boosted its position in shares of NVIDIA by 3.3% during the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock valued at $323,000 after acquiring an additional 76 shares during the last quarter. Kwmg LLC increased its holdings in shares of NVIDIA by 0.6% in the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after buying an additional 77 shares during the last quarter. Finally, SC&H Financial Advisors Inc. increased its stake in NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after acquiring an additional 80 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Transactions at NVIDIA

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a report on Friday, April 25th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Seaport Res Ptn raised shares of NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, TD Cowen dropped their target price on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

NVIDIA Trading Down 0.6 %

Shares of NASDAQ NVDA traded down $0.68 during midday trading on Monday, reaching $113.82. 132,728,916 shares of the stock were exchanged, compared to its average volume of 299,759,505. The business has a 50-day simple moving average of $110.85 and a two-hundred day simple moving average of $128.08. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 44.79, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts expect 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 issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is 1.36%.

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.