NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Pingora Partners LLC

Pingora Partners LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,475 shares of the computer hardware maker’s stock after selling 150 shares during the period. Pingora Partners LLC’s holdings in NVIDIA were worth $301,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NVDA. Ironwood Wealth Management LLC. increased its stake in NVIDIA by 896.9% in the second quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after purchasing an additional 5,695 shares during the last quarter. Financial Guidance Group Inc. boosted its holdings in shares of NVIDIA by 900.0% in the 2nd quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after buying an additional 3,240 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of NVIDIA by 904.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,771,624 shares of the computer hardware maker’s stock valued at $713,026,000 after buying an additional 5,197,136 shares during the last quarter. Atomi Financial Group Inc. raised its stake in NVIDIA by 1,128.4% during the 2nd quarter. Atomi Financial Group Inc. now owns 192,263 shares of the computer hardware maker’s stock worth $23,752,000 after acquiring an additional 176,611 shares in the last quarter. Finally, Instrumental Wealth LLC lifted its position in NVIDIA by 941.2% in the second quarter. Instrumental Wealth LLC now owns 8,954 shares of the computer hardware maker’s stock valued at $1,106,000 after acquiring an additional 8,094 shares during the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $137.71 on Friday. NVIDIA Co. has a 12-month low of $56.11 and a 12-month high of $153.13. The stock has a market cap of $3.37 trillion, a P/E ratio of 54.20, a PEG ratio of 2.45 and a beta of 1.64. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $139.18 and a two-hundred day moving average of $128.90.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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 the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. As a group, research analysts predict that NVIDIA Co. will post 2.78 EPS for the current fiscal 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 paid 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 was Thursday, December 5th. NVIDIA’s payout ratio is currently 1.57%.

Analyst Ratings Changes

NVDA has been the subject of several research reports. TD Cowen boosted their target price on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Phillip Securities reissued an “accumulate” rating and issued a $160.00 price objective (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Morgan Stanley increased their price target 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, UBS Group lifted their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Four 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.63.

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.