Wynn Capital LLC Trims Holdings in NVIDIA Co. (NASDAQ:NVDA)

Wynn Capital LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,769 shares of the computer hardware maker’s stock after selling 111 shares during the period. Wynn Capital LLC’s holdings in NVIDIA were worth $238,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quest Partners LLC acquired a new position in shares of NVIDIA in the 2nd quarter valued at $27,000. Christopher J. Hasenberg Inc purchased a new stake in NVIDIA in the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA during the second quarter worth about $31,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the fourth quarter valued at about $34,000. Finally, West Financial Advisors LLC purchased a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $36,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Down 3.7 %

Shares of NVIDIA stock opened at $120.07 on Friday. NVIDIA Co. has a 1 year low of $60.70 and a 1 year high of $153.13. The company has a market capitalization of $2.94 trillion, a P/E ratio of 47.25, a PEG ratio of 2.23 and a beta of 1.64. The company’s fifty day moving average is $137.02 and its two-hundred day moving average is $129.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue was up 93.6% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. Analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a 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

Several research firms recently weighed in on NVDA. Truist Financial lifted their target price on shares of NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays boosted their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. UBS Group raised their target price on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Robert W. Baird boosted their price target on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Susquehanna upped their target price on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.23.

Insider Transactions at NVIDIA

In related 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 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 represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This 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 in the last ninety days. 4.23% of the stock is currently owned by company insiders.

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.