NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Wallington Asset Management LLC

Wallington Asset Management LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,652 shares of the computer hardware maker’s stock after selling 187 shares during the period. Wallington Asset Management LLC’s holdings in NVIDIA were worth $3,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GoalFusion Wealth Management LLC lifted its stake in NVIDIA by 4.8% during the 4th quarter. GoalFusion Wealth Management LLC now owns 5,458 shares of the computer hardware maker’s stock worth $733,000 after acquiring an additional 250 shares in the last quarter. CGN Advisors LLC increased its stake in NVIDIA by 6.1% during the fourth quarter. CGN Advisors LLC now owns 75,420 shares of the computer hardware maker’s stock worth $10,128,000 after purchasing an additional 4,340 shares during the period. BTS Asset Management Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth about $254,000. Sanibel Captiva Trust Company Inc. boosted 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 valued at $35,192,000 after purchasing an additional 9,151 shares during the period. Finally, Howard Financial Services LTD. grew its holdings in shares of NVIDIA by 12.4% in 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. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 3.1 %

Shares of NVIDIA stock opened at $128.68 on Friday. The firm has a market cap of $3.15 trillion, a price-to-earnings ratio of 50.64, a price-to-earnings-growth ratio of 2.16 and a beta of 1.62. NVIDIA Co. has a 52-week low of $66.25 and a 52-week high of $153.13. The company’s 50-day simple moving average is $135.62 and its 200-day simple moving average is $129.35. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last issued its 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 93.6% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In other news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the transaction, the director now owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares in the company, 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 sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. DA Davidson raised their price target on shares of NVIDIA from $90.00 to $135.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Wedbush lifted their target price on NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Tigress Financial upgraded NVIDIA from a “buy” rating to a “strong-buy” rating and upped their price target for the stock from $170.00 to $220.00 in a report on Tuesday, January 28th. Loop Capital reaffirmed a “buy” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned 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 target price 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.