NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Alpha Family Trust

Alpha Family Trust decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,500 shares of the computer hardware maker’s stock after selling 2,900 shares during the period. NVIDIA makes up about 8.1% of Alpha Family Trust’s holdings, making the stock its 2nd biggest position. Alpha Family Trust’s holdings in NVIDIA were worth $14,512,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Lantz Financial LLC increased its holdings in NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after buying an additional 36,774 shares in the last quarter. Meridian Financial Partners LLC grew its holdings in shares of NVIDIA by 952.7% in the 2nd quarter. Meridian Financial Partners LLC now owns 21,864 shares of the computer hardware maker’s stock worth $2,648,000 after acquiring an additional 19,787 shares during the period. Boston Trust Walden Corp increased its stake in NVIDIA by 55,645.8% in the 2nd quarter. Boston Trust Walden Corp now owns 466,035 shares of the computer hardware maker’s stock valued at $57,574,000 after purchasing an additional 465,199 shares in the last quarter. Bellecapital International Ltd. raised its holdings in NVIDIA by 875.3% during the second quarter. Bellecapital International Ltd. now owns 37,470 shares of the computer hardware maker’s stock worth $4,629,000 after purchasing an additional 33,628 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its position in NVIDIA by 932.8% during the second quarter. Oakworth Capital Inc. now owns 75,578 shares of the computer hardware maker’s stock worth $9,337,000 after purchasing an additional 68,260 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVDA has been the subject of a number of research analyst reports. DA Davidson lifted their price target on NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Robert W. Baird raised their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Evercore ISI upped their price target on shares of NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Morgan Stanley raised their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Redburn Atlantic started coverage on NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

NVIDIA Trading Up 3.0 %

NASDAQ NVDA opened at $138.31 on Friday. 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 one year low of $47.32 and a one year high of $152.89. The company has a 50-day simple moving average of $139.51 and a 200-day simple moving average of $128.16. The firm has a market capitalization of $3.39 trillion, a PE ratio of 54.43, a price-to-earnings-growth ratio of 2.43 and a beta of 1.63.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is currently 1.57%.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This trade represents a 0.93 % 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 Tench Coxe sold 1,000,000 shares of the business’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 in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,226,886 shares of company stock worth $161,499,400 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

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.