NVIDIA Co. (NASDAQ:NVDA) Shares Sold by WIM INVESTMENT MANAGEMENT Ltd

WIM INVESTMENT MANAGEMENT Ltd trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 41.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,000 shares of the computer hardware maker's stock after selling 53,500 shares during the period. NVIDIA accounts for 3.5% of WIM INVESTMENT MANAGEMENT Ltd's portfolio, making the stock its 8th biggest position. WIM INVESTMENT MANAGEMENT Ltd's holdings in NVIDIA were worth $10,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter worth approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the 4th quarter valued at $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the 4th quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the 4th quarter worth $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value 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 approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now owns 251,044 shares of the company's stock, 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. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last quarter. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Up 4.3 %

NVIDIA stock traded up $4.58 during mid-day trading on Friday, reaching $111.01. 250,248,639 shares of the company were exchanged, compared to its average volume of 304,641,559. The firm has a market cap of $2.71 trillion, a P/E ratio of 43.69, a PEG 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. NVIDIA Co. has a 12-month low of $81.25 and a 12-month high of $195.95. The business has a fifty day moving average of $113.21 and a 200 day moving average of $128.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share 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 issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is presently 1.36%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NVDA shares. DA Davidson decreased their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Truist Financial boosted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Six analysts have rated the stock with 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, the company has an average rating of "Moderate Buy" and a consensus target price of $164.96.

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.