Chickasaw Capital Management LLC Sells 90 Shares of NVIDIA Co. (NASDAQ:NVDA)

Chickasaw Capital Management LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA) by 0.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,486 shares of the computer hardware maker’s stock after selling 90 shares during the quarter. NVIDIA makes up approximately 0.3% of Chickasaw Capital Management LLC’s portfolio, making the stock its 24th biggest holding. Chickasaw Capital Management LLC’s holdings in NVIDIA were worth $8,123,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NVDA. Strathmore Capital Advisors Inc. purchased a new position in NVIDIA in the 4th quarter worth approximately $207,000. Spartan Planning & Wealth Management bought a new stake in NVIDIA during the fourth quarter worth about $6,816,000. Regent Peak Wealth Advisors LLC boosted its holdings in shares of NVIDIA by 0.4% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker’s stock worth $10,989,000 after purchasing an additional 322 shares in the last quarter. Bank & Trust Co increased its position in shares of NVIDIA by 5.3% during the 4th quarter. Bank & Trust Co now owns 5,593 shares of the computer hardware maker’s stock valued at $751,000 after purchasing an additional 279 shares during the last quarter. Finally, Diversified Trust Co lifted its position in NVIDIA by 4.1% in the 4th quarter. Diversified Trust Co now owns 659,442 shares of the computer hardware maker’s stock worth $88,557,000 after buying an additional 26,179 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Trading Down 3.1 %

Shares of 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 fifty day moving average price of $138.72 and a 200-day moving average price of $129.57. The company has a market cap of $3.49 trillion, a price-to-earnings ratio of 56.13, a PEG 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.

NVIDIA (NASDAQ:NVDA) last announced 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 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 company posted $0.38 EPS. The firm’s revenue was up 93.6% on a year-over-year basis. As a group, equities analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Analysts Set New Price Targets

Several research firms have issued reports on NVDA. Robert W. Baird upped their price target on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. TD Cowen lifted their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Susquehanna raised their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Citigroup upped their target price on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.63.

Insider Activity at NVIDIA

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