Unionview LLC Lowers Holdings in NVIDIA Co. (NASDAQ:NVDA)

Unionview LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,379 shares of the computer hardware maker’s stock after selling 221 shares during the quarter. Unionview LLC’s holdings in NVIDIA were worth $896,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NVDA. Metis Global Partners LLC raised its stake in shares of NVIDIA by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 1,413,848 shares of the computer hardware maker’s stock worth $171,698,000 after buying an additional 26,146 shares in the last quarter. Snider Financial Group raised its position in NVIDIA by 1.8% in the third quarter. Snider Financial Group now owns 30,644 shares of the computer hardware maker’s stock worth $3,721,000 after acquiring an additional 550 shares in the last quarter. Curi RMB Capital LLC raised its position in NVIDIA by 3.9% in the third quarter. Curi RMB Capital LLC now owns 92,815 shares of the computer hardware maker’s stock worth $11,271,000 after acquiring an additional 3,505 shares in the last quarter. Planning Capital Management Corp lifted its holdings in NVIDIA by 124.3% in the third quarter. Planning Capital Management Corp now owns 11,964 shares of the computer hardware maker’s stock valued at $1,453,000 after acquiring an additional 6,629 shares during the period. Finally, Wealthstream Advisors Inc. boosted its position in shares of NVIDIA by 5.1% during the 3rd quarter. Wealthstream Advisors Inc. now owns 24,339 shares of the computer hardware maker’s stock worth $2,956,000 after purchasing an additional 1,190 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,351,886 shares of company stock worth $176,825,650 in the last quarter. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $137.49 on Tuesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.37 trillion, a PE ratio of 54.11, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89. The firm’s 50 day moving average price is $139.84 and its 200-day moving average price is $128.03.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) 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 return on equity of 114.83% and a net margin of 55.69%. The firm’s revenue was up 93.6% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts expect that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently commented on NVDA. Loop Capital reiterated a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Wedbush lifted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Susquehanna upped their price target on NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Benchmark lifted their price objective on NVIDIA from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, DA Davidson upped their target price on NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

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.