NVIDIA Co. (NASDAQ:NVDA) Holdings Reduced by Stonekeep Investments LLC

Stonekeep Investments LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,728 shares of the computer hardware maker’s stock after selling 766 shares during the period. NVIDIA accounts for about 1.9% of Stonekeep Investments LLC’s investment portfolio, making the stock its 13th biggest holding. Stonekeep Investments LLC’s holdings in NVIDIA were worth $2,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BTS Asset Management Inc. acquired a new stake in NVIDIA in the 4th quarter valued at approximately $254,000. Sanibel Captiva Trust Company Inc. grew its stake in shares of NVIDIA by 3.6% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 262,062 shares of the computer hardware maker’s stock worth $35,192,000 after purchasing an additional 9,151 shares in the last quarter. Howard Financial Services LTD. raised its stake in shares of NVIDIA by 12.4% during the fourth quarter. Howard Financial Services LTD. now owns 77,365 shares of the computer hardware maker’s stock valued at $10,389,000 after purchasing an additional 8,540 shares in the last quarter. Alhambra Investment Management LLC lifted its holdings in NVIDIA by 5.1% in the fourth quarter. Alhambra Investment Management LLC now owns 1,933 shares of the computer hardware maker’s stock worth $260,000 after purchasing an additional 93 shares during the period. Finally, Verity & Verity LLC grew its position in NVIDIA by 7.5% in the 4th quarter. Verity & Verity LLC now owns 5,420 shares of the computer hardware maker’s stock valued at $728,000 after buying an additional 380 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated 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 in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. The trade was 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 valued at $146,506,958 over the last 90 days. 4.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NVDA. Susquehanna boosted their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a research report on Monday, January 27th. Tigress Financial upgraded NVIDIA from a “buy” rating to a “strong-buy” rating and lifted their price target for the company from $170.00 to $220.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price objective on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of NVIDIA in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $166.23.

NVIDIA Stock Up 3.1 %

NVIDIA stock opened at $128.68 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $66.25 and a 1-year high of $153.13. The firm’s fifty day simple moving average is $135.62 and its 200-day simple moving average is $129.35. The company has a market capitalization of $3.15 trillion, a P/E ratio of 50.64, a P/E/G ratio of 2.16 and a beta of 1.62.

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, beating the consensus estimate of $0.69 by $0.12. The company 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% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. Sell-side analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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