Frisch Financial Group Inc. Sells 240 Shares of NVIDIA Co. (NASDAQ:NVDA)

Frisch Financial Group Inc. decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,451 shares of the computer hardware maker’s stock after selling 240 shares during the period. NVIDIA comprises approximately 1.0% of Frisch Financial Group Inc.’s investment portfolio, making the stock its 22nd biggest holding. Frisch Financial Group Inc.’s holdings in NVIDIA were worth $3,334,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NVDA. Brophy Wealth Management LLC bought a new position in shares of NVIDIA in the third quarter valued at about $7,153,000. Conway Capital Management Inc. bought a new position in NVIDIA in the 3rd quarter valued at about $28,608,000. M&T Bank Corp lifted its position in NVIDIA by 5.1% during the third quarter. M&T Bank Corp now owns 3,858,775 shares of the computer hardware maker’s stock worth $468,609,000 after acquiring an additional 186,652 shares during the last quarter. Guardian Wealth Management Inc. boosted its holdings in shares of NVIDIA by 428.5% during the third quarter. Guardian Wealth Management Inc. now owns 1,982 shares of the computer hardware maker’s stock worth $241,000 after acquiring an additional 1,607 shares during the period. Finally, Abel Hall LLC grew its position in shares of NVIDIA by 4.5% in the third quarter. Abel Hall LLC now owns 27,718 shares of the computer hardware maker’s stock valued at $3,366,000 after purchasing an additional 1,199 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Up 3.1 %

NVIDIA stock opened at $137.71 on Tuesday. The firm has a market cap of $3.37 trillion, a price-to-earnings ratio of 54.20, a PEG ratio of 2.45 and a beta of 1.64. NVIDIA Co. has a 52-week low of $56.11 and a 52-week high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a 50 day moving average price of $138.99 and a two-hundred day moving average price of $129.05.

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, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. Equities analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

Insiders Place Their Bets

In other news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The shares were 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 $2,831,764. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on NVDA shares. Robert W. Baird boosted their price target on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Stifel Nicolaus boosted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Bank of America reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. TD Cowen boosted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $190.00 target price on shares of NVIDIA in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

NVIDIA 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.