NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Talbot Financial LLC

Talbot Financial LLC cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 229,497 shares of the computer hardware maker’s stock after selling 3,103 shares during the period. NVIDIA makes up about 3.7% of Talbot Financial LLC’s portfolio, making the stock its 5th largest holding. Talbot Financial LLC’s holdings in NVIDIA were worth $30,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westmount Partners LLC increased its position in shares of NVIDIA by 2.6% in the fourth quarter. Westmount Partners LLC now owns 83,204 shares of the computer hardware maker’s stock valued at $11,174,000 after buying an additional 2,081 shares in the last quarter. Mid American Wealth Advisory Group Inc. increased its holdings in NVIDIA by 20.8% in the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 2,738 shares of the computer hardware maker’s stock worth $368,000 after acquiring an additional 472 shares in the last quarter. HFG Wealth Management LLC acquired a new position in NVIDIA during the fourth quarter worth $226,000. Asset Allocation & Management Company LLC purchased a new position in NVIDIA in the 4th quarter valued at about $1,061,000. Finally, Thomasville National Bank boosted its stake in shares of NVIDIA by 2.4% in the fourth quarter. Thomasville National Bank now owns 85,899 shares of the computer hardware maker’s stock worth $11,535,000 after acquiring an additional 1,976 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated 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 transaction, 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 position. The sale 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 firm’s stock in a transaction dated Friday, December 13th. The shares were 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. 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 in the last three months. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 7.9 %

Shares of NASDAQ:NVDA opened at $127.80 on Wednesday. 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 stock has a market cap of $3.13 trillion, a P/E ratio of 50.29, a P/E/G ratio of 2.65 and a beta of 1.64. NVIDIA Co. has a 1-year low of $60.70 and a 1-year high of $153.13. The firm has a fifty day moving average price of $138.29 and a 200 day moving average price of $129.45.

NVIDIA (NASDAQ:NVDA) last released 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. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s revenue was up 93.6% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. Sell-side analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

NVDA has been the topic of several research reports. DA Davidson raised their price target on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Robert W. Baird upped their price target on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Susquehanna upped their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Phillip Securities reiterated an “accumulate” rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Finally, Tigress Financial upgraded NVIDIA from a “buy” rating to a “strong-buy” rating and increased their price target for the stock from $170.00 to $220.00 in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

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.