NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Code Waechter LLC

Code Waechter LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,813 shares of the computer hardware maker’s stock after selling 335 shares during the quarter. Code Waechter LLC’s holdings in NVIDIA were worth $781,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new stake in NVIDIA in the 2nd quarter valued at approximately $27,000. Christopher J. Hasenberg Inc bought a new position in shares of NVIDIA in the third quarter worth $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NVIDIA during the second quarter valued at $31,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA during the fourth quarter valued at $34,000. Finally, West Financial Advisors LLC bought a new stake in shares of NVIDIA during the third quarter valued at about $36,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVIDIA 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 value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 in the last quarter. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Down 4.3 %

NVIDIA stock opened at $123.43 on Thursday. NVIDIA Co. has a one year low of $60.70 and a one year high of $153.13. The company’s fifty day moving average price is $137.91 and its two-hundred day moving average price is $129.44. 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 company has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 48.58, a PEG ratio of 2.65 and a beta of 1.64.

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

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Morgan Stanley dropped their target price on NVIDIA from $166.00 to $152.00 and set an “overweight” rating on the stock in a report on Tuesday. Phillip Securities restated an “accumulate” rating and issued a $160.00 target price (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Loop Capital reiterated a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. Finally, Benchmark restated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

About NVIDIA

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.