Logan Capital Management Inc. Sells 4,729 Shares of NVIDIA Co. (NASDAQ:NVDA)

Logan Capital Management Inc. reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 153,400 shares of the computer hardware maker’s stock after selling 4,729 shares during the period. Logan Capital Management Inc.’s holdings in NVIDIA were worth $18,629,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas bought a new position in NVIDIA during the 3rd quarter valued at about $75,723,000. Oriental Harbor Investment Fund bought a new position in NVIDIA during the 3rd quarter valued at about $252,876,000. Capasso Planning Partners LLC lifted its holdings in NVIDIA by 2.0% during the 3rd quarter. Capasso Planning Partners LLC now owns 6,277 shares of the computer hardware maker’s stock valued at $762,000 after purchasing an additional 122 shares during the last quarter. Inspire Trust Co. N.A. lifted its holdings in NVIDIA by 6.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 34,893 shares of the computer hardware maker’s stock valued at $4,237,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC increased its position in NVIDIA by 32.8% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 23,263 shares of the computer hardware maker’s stock valued at $2,825,000 after acquiring an additional 5,740 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on NVDA shares. Mizuho raised their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Citigroup raised their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wedbush raised their price objective 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. Barclays raised their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Loop Capital restated a “buy” rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.63.

NVIDIA Stock Performance

Shares of NVDA opened at $147.22 on Friday. NVIDIA Co. has a 12 month low of $59.94 and a 12 month high of $153.13. The firm has a fifty day simple moving average of $138.70 and a 200 day simple moving average of $129.34. The stock has a market capitalization of $3.61 trillion, a price-to-earnings ratio of 57.94, a PEG ratio of 2.54 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.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $33.15 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The firm’s revenue was up 93.6% on a year-over-year basis. Research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a $0.01 dividend. 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 dividend payout ratio is currently 1.57%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Dabiri sold 716 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last quarter. 4.23% of the stock is currently owned by insiders.

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.