NVIDIA Co. (NASDAQ:NVDA) Position Decreased by Dillon & Associates Inc.

Dillon & Associates Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000,193 shares of the computer hardware maker’s stock after selling 24,877 shares during the quarter. NVIDIA accounts for approximately 17.0% of Dillon & Associates Inc.’s portfolio, making the stock its largest position. Dillon & Associates Inc.’s holdings in NVIDIA were worth $121,023,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. RPG Investment Advisory LLC raised its position in NVIDIA by 0.9% during the third quarter. RPG Investment Advisory LLC now owns 415,908 shares of the computer hardware maker’s stock valued at $50,508,000 after purchasing an additional 3,598 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of NVIDIA by 23.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,215,715 shares of the computer hardware maker’s stock valued at $147,636,000 after buying an additional 230,041 shares in the last quarter. Missouri Trust & Investment Co raised its holdings in shares of NVIDIA by 20.3% during the 3rd quarter. Missouri Trust & Investment Co now owns 18,945 shares of the computer hardware maker’s stock valued at $2,301,000 after buying an additional 3,195 shares in the last quarter. Cumberland Partners Ltd boosted its stake in NVIDIA by 817.6% in the third quarter. Cumberland Partners Ltd now owns 130,755 shares of the computer hardware maker’s stock worth $15,879,000 after buying an additional 116,505 shares in the last quarter. Finally, Savvy Advisors Inc. grew its position in NVIDIA by 26.3% during the third quarter. Savvy Advisors Inc. now owns 75,970 shares of the computer hardware maker’s stock valued at $9,226,000 after acquiring an additional 15,816 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other NVIDIA news, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total transaction of $15,326,250.00. Following the completion of the transaction, the director now owns 8,255,117 shares in the company, valued at approximately $1,012,159,895.37. This trade represents a 1.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,351,886 shares of company stock worth $176,825,650. Insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 2.1 %

NVDA opened at $137.01 on Friday. NVIDIA Co. has a 52 week low of $47.32 and a 52 week high of $152.89. The company has a market capitalization of $3.36 trillion, a P/E ratio of 53.92, a PEG ratio of 2.43 and a beta of 1.64. The stock’s fifty day moving average is $139.97 and its two-hundred day moving average is $127.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 EPS. Analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is presently 1.57%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. DA Davidson lifted their target price on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Truist Financial boosted their target price on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Benchmark raised their price target on NVIDIA from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Barclays boosted their price objective on NVIDIA from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Citigroup raised their target price on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

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.