NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 68.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 800 shares of the computer hardware maker’s stock after selling 1,698 shares during the period. Infrastructure Capital Advisors LLC’s holdings in NVIDIA were worth $97,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Carl P. Sherr & Co. LLC raised its stake in NVIDIA by 25.9% during the 3rd quarter. Carl P. Sherr & Co. LLC now owns 26,971 shares of the computer hardware maker’s stock valued at $3,275,000 after acquiring an additional 5,549 shares in the last quarter. Peterson Wealth Management raised its stake in NVIDIA by 13.0% during the 3rd quarter. Peterson Wealth Management now owns 62,917 shares of the computer hardware maker’s stock valued at $7,641,000 after acquiring an additional 7,254 shares in the last quarter. Vinva Investment Management Ltd raised its stake in NVIDIA by 11.2% during the 3rd quarter. Vinva Investment Management Ltd now owns 1,159,455 shares of the computer hardware maker’s stock valued at $140,758,000 after acquiring an additional 117,027 shares in the last quarter. Elite Wealth Management Inc. raised its stake in NVIDIA by 1.2% during the 3rd quarter. Elite Wealth Management Inc. now owns 461,031 shares of the computer hardware maker’s stock valued at $55,988,000 after acquiring an additional 5,472 shares in the last quarter. Finally, Financial Counselors Inc. increased its position in shares of NVIDIA by 2.1% during the 3rd quarter. Financial Counselors Inc. now owns 1,815,009 shares of the computer hardware maker’s stock valued at $220,415,000 after purchasing an additional 37,394 shares during the period. Institutional investors own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $133.23 on Tuesday. The stock has a market cap of $3.26 trillion, a PE ratio of 52.43, a PEG ratio of 2.43 and a beta of 1.64. The company’s fifty day moving average is $139.84 and its 200 day moving average is $128.76. NVIDIA Co. has a 52 week low of $54.74 and a 52 week high of $153.13. 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 released its quarterly earnings data 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 net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed 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 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%.

Analyst Ratings Changes

NVDA has been the topic of a number of recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Susquehanna lifted their price target on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Stifel Nicolaus lifted their price objective on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Oppenheimer reissued an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Finally, Melius Research boosted their price target on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.27.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA 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 transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last quarter. Corporate insiders own 4.23% of the company’s stock.

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.