NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,684 shares of the computer hardware maker's stock after selling 2,358 shares during the period. NVIDIA makes up 1.2% of Regal Investment Advisors LLC's portfolio, making the stock its 14th largest holding. Regal Investment Advisors LLC's holdings in NVIDIA were worth $15,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Integrity Wealth Advisors Inc. purchased a new position in shares of NVIDIA in the 4th quarter worth $552,000. Jump Financial LLC grew its stake in shares of NVIDIA by 327.2% in the 4th quarter. Jump Financial LLC now owns 226,426 shares of the computer hardware maker's stock worth $30,407,000 after buying an additional 173,426 shares in the last quarter. Anchor Investment Management LLC grew its stake in shares of NVIDIA by 10.6% in the 4th quarter. Anchor Investment Management LLC now owns 72,523 shares of the computer hardware maker's stock worth $9,739,000 after buying an additional 6,930 shares in the last quarter. Kane Investment Management Inc. bought a new stake in shares of NVIDIA in the 4th quarter worth about $57,938,000. Finally, AGP Franklin LLC bought a new stake in shares of NVIDIA in the 4th quarter worth about $7,721,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVDA has been the subject of several analyst reports. TD Cowen lowered their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Rosenblatt Securities lowered their target price on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Cantor Fitzgerald restated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Bank of America raised their target price on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Citigroup restated a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $164.84.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Up 4.2%

Shares of NVDA traded up $5.41 during mid-day trading on Wednesday, reaching $135.34. The stock had a trading volume of 279,277,491 shares, compared to its average volume of 296,148,002. 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 Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The business's fifty day moving average is $110.79 and its 200 day moving average is $127.08. The firm has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.26, a P/E/G ratio of 1.76 and a beta of 2.11.

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

NVIDIA Announces Dividend

The business also recently announced 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 of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 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.