NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Hoese & Co LLP

Hoese & Co LLP trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 69.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220 shares of the computer hardware maker’s stock after selling 500 shares during the quarter. Hoese & Co LLP’s holdings in NVIDIA were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Amplius Wealth Advisors LLC increased its position in NVIDIA by 1.3% during the 4th quarter. Amplius Wealth Advisors LLC now owns 17,585 shares of the computer hardware maker’s stock worth $2,362,000 after purchasing an additional 223 shares during the period. Colorado Capital Management Inc. boosted its stake in shares of NVIDIA by 3.6% in the fourth quarter. Colorado Capital Management Inc. now owns 5,634 shares of the computer hardware maker’s stock valued at $757,000 after buying an additional 195 shares in the last quarter. Zhang Financial LLC grew its holdings in NVIDIA by 59.7% during the fourth quarter. Zhang Financial LLC now owns 117,330 shares of the computer hardware maker’s stock worth $15,756,000 after acquiring an additional 43,877 shares during the period. Guinness Asset Management LTD raised its position in NVIDIA by 9.9% in the fourth quarter. Guinness Asset Management LTD now owns 353,757 shares of the computer hardware maker’s stock worth $47,520,000 after acquiring an additional 31,920 shares in the last quarter. Finally, Corundum Group Inc. lifted its holdings in NVIDIA by 74.0% in the fourth quarter. Corundum Group Inc. now owns 32,163 shares of the computer hardware maker’s stock valued at $4,319,000 after acquiring an additional 13,682 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,670 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at $2,831,764. The trade was a 3.47 % 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 valued at $146,506,958 over the last 90 days. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $133.57 on Tuesday. The business’s fifty day moving average price is $135.31 and its 200 day moving average price is $129.55. NVIDIA Co. has a twelve month low of $66.25 and a twelve month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.27 trillion, a P/E ratio of 52.57, a PEG ratio of 1.62 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data 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 business 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 company’s revenue was up 93.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. Phillip Securities reissued an “accumulate” rating and set a $160.00 price objective (up previously from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Barclays upped their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Piper Sandler lifted their price objective on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Truist Financial upped their target price on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Robert W. Baird lifted their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.