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

Fulcrum Capital LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,286 shares of the computer hardware maker’s stock after selling 7,561 shares during the quarter. NVIDIA makes up 4.8% of Fulcrum Capital LLC’s holdings, making the stock its 4th biggest holding. Fulcrum Capital LLC’s holdings in NVIDIA were worth $23,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JCIC Asset Management Inc. lifted its stake in NVIDIA by 1,034.9% in the fourth quarter. JCIC Asset Management Inc. now owns 95,275 shares of the computer hardware maker’s stock valued at $12,794,000 after buying an additional 86,880 shares during the period. Accelerate Investment Advisors LLC boosted its position in shares of NVIDIA by 6.8% during the 4th quarter. Accelerate Investment Advisors LLC now owns 15,519 shares of the computer hardware maker’s stock worth $2,084,000 after purchasing an additional 988 shares in the last quarter. Cooper Financial Group increased its position in NVIDIA by 10.3% in the 4th quarter. Cooper Financial Group now owns 168,318 shares of the computer hardware maker’s stock valued at $22,603,000 after buying an additional 15,708 shares in the last quarter. Cadent Capital Advisors LLC boosted its holdings in NVIDIA by 6.5% in the fourth quarter. Cadent Capital Advisors LLC now owns 13,915 shares of the computer hardware maker’s stock worth $1,869,000 after acquiring an additional 847 shares in the last quarter. Finally, Wedmont Private Capital grew its position in NVIDIA by 6.7% in the 4th quarter. Wedmont Private Capital now owns 400,948 shares of the computer hardware maker’s stock valued at $54,493,000 after purchasing an additional 25,146 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. The trade was a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last quarter. Company insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NVDA. Loop Capital restated a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research note on Wednesday, November 20th. Barclays raised their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Wedbush increased their price target 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. Wells Fargo & Company lifted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, HSBC reduced their target price on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

NVIDIA Trading Up 7.9 %

Shares of NASDAQ NVDA opened at $127.80 on Wednesday. The firm’s 50 day moving average price is $138.29 and its 200-day moving average price is $129.45. NVIDIA Co. has a 52-week low of $60.70 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 company has a market cap of $3.13 trillion, a PE ratio of 50.29, a P/E/G ratio of 2.65 and a beta of 1.64.

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, 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 firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 93.6% on a year-over-year basis. On average, equities research analysts expect 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 given 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 (DPR) is 1.57%.

NVIDIA Company 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.