Integrated Capital Management LLC Trims Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Integrated Capital Management LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,599 shares of the computer hardware maker’s stock after selling 125 shares during the quarter. Integrated Capital Management LLC’s holdings in NVIDIA were worth $483,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NVDA. Waller Financial Planning Group Inc. increased its stake in NVIDIA by 4.6% in the 4th quarter. Waller Financial Planning Group Inc. now owns 4,024 shares of the computer hardware maker’s stock worth $540,000 after buying an additional 177 shares in the last quarter. NRI Wealth Management LC purchased a new stake in shares of NVIDIA during the fourth quarter worth about $12,207,000. GAMMA Investing LLC raised its stake in NVIDIA by 11.9% during the 4th quarter. GAMMA Investing LLC now owns 397,922 shares of the computer hardware maker’s stock valued at $53,437,000 after purchasing an additional 42,213 shares during the period. Versant Capital Management Inc lifted its holdings in NVIDIA by 46.5% in the 4th quarter. Versant Capital Management Inc now owns 27,905 shares of the computer hardware maker’s stock worth $3,747,000 after purchasing an additional 8,852 shares in the last quarter. Finally, First Financial Bank Trust Division boosted its stake in NVIDIA by 7.5% in the 4th quarter. First Financial Bank Trust Division now owns 10,879 shares of the computer hardware maker’s stock worth $1,461,000 after purchasing an additional 763 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NVDA shares. Needham & Company LLC boosted their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Loop Capital reiterated a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research note on Wednesday, November 20th. Citigroup raised their price objective on NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Bank of America reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Finally, HSBC cut their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a report on Monday, January 13th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

NVIDIA Price Performance

NVDA stock opened at $142.62 on Friday. NVIDIA Co. has a 1 year low of $60.57 and a 1 year high of $153.13. The firm has a market capitalization of $3.49 trillion, a P/E ratio of 56.13, a P/E/G ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business’s 50-day moving average is $138.71 and its two-hundred day moving average is $129.47.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the previous year, the business earned $0.38 EPS. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. Analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared 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 of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.57%.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred 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 owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, 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 have sold a total of 1,108,348 shares of company stock valued at $146,506,958 over the last quarter. Company insiders own 4.23% of the company’s stock.

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.