FLC Capital Advisors Has $3.30 Million Position in NVIDIA Co. (NASDAQ:NVDA)

FLC Capital Advisors trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,537 shares of the computer hardware maker’s stock after selling 1,819 shares during the quarter. FLC Capital Advisors’ holdings in NVIDIA were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of NVDA. SFG Wealth Management LLC. lifted its stake in shares of NVIDIA by 531.2% in the fourth quarter. SFG Wealth Management LLC. now owns 16,001 shares of the computer hardware maker’s stock worth $2,149,000 after buying an additional 13,466 shares during the last quarter. DLK Investment Management LLC boosted its position in NVIDIA by 6.8% in the fourth quarter. DLK Investment Management LLC now owns 7,515 shares of the computer hardware maker’s stock valued at $1,009,000 after buying an additional 476 shares in the last quarter. BlueSky Wealth Advisors LLC raised its holdings in shares of NVIDIA by 0.3% in the fourth quarter. BlueSky Wealth Advisors LLC now owns 53,287 shares of the computer hardware maker’s stock valued at $7,156,000 after buying an additional 180 shares during the last quarter. Access Financial Services Inc. increased its stake in shares of NVIDIA by 9.0% in the 4th quarter. Access Financial Services Inc. now owns 3,053 shares of the computer hardware maker’s stock valued at $410,000 after buying an additional 253 shares during the period. Finally, Sarasin & Partners LLP boosted its stake in NVIDIA by 5.3% in the fourth quarter. Sarasin & Partners LLP now owns 4,539,801 shares of the computer hardware maker’s stock valued at $609,650,000 after acquiring an additional 230,141 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their target price on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Tuesday, January 7th. TD Cowen raised their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Redburn Atlantic began coverage on NVIDIA in a research report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 price target on the stock. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

NVIDIA Price Performance

NVIDIA stock opened at $129.84 on Monday. NVIDIA Co. has a 12 month low of $66.25 and a 12 month high of $153.13. The business’s 50 day simple moving average is $135.31 and its 200 day simple moving average is $129.44. The company has a market cap of $3.18 trillion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.62 and a beta of 1.62. 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 (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. 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 business earned $0.38 EPS. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 716 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by 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.