NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Enclave Advisors LLC

Enclave Advisors LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 69,713 shares of the computer hardware maker’s stock after selling 1,596 shares during the quarter. NVIDIA comprises about 1.5% of Enclave Advisors LLC’s holdings, making the stock its 18th largest holding. Enclave Advisors LLC’s holdings in NVIDIA were worth $9,362,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Planned Solutions Inc. increased its stake in NVIDIA by 4.8% during the fourth quarter. Planned Solutions Inc. now owns 12,440 shares of the computer hardware maker’s stock worth $1,671,000 after acquiring an additional 575 shares during the last quarter. Transform Wealth LLC boosted its position in shares of NVIDIA by 16.0% during the fourth quarter. Transform Wealth LLC now owns 290,549 shares of the computer hardware maker’s stock worth $39,018,000 after buying an additional 40,092 shares during the period. Chesley Taft & Associates LLC boosted its position in shares of NVIDIA by 0.5% during the fourth quarter. Chesley Taft & Associates LLC now owns 472,585 shares of the computer hardware maker’s stock worth $63,463,000 after buying an additional 2,216 shares during the period. Tarbox Family Office Inc. boosted its position in shares of NVIDIA by 1.4% during the fourth quarter. Tarbox Family Office Inc. now owns 11,069 shares of the computer hardware maker’s stock worth $1,486,000 after buying an additional 149 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its position in shares of NVIDIA by 9.4% during the fourth quarter. Clear Harbor Asset Management LLC now owns 102,939 shares of the computer hardware maker’s stock worth $13,824,000 after buying an additional 8,816 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Down 0.6 %

Shares of NVIDIA stock opened at $132.80 on Wednesday. The company has a fifty day moving average price of $135.21 and a 200 day moving average price of $129.70. 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 twelve month low of $66.25 and a twelve month high of $153.13. The stock has a market cap of $3.25 trillion, a price-to-earnings ratio of 52.26, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping 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 analysts’ expectations of $33.15 billion. During the same period in the prior year, the company earned $0.38 EPS. The firm’s revenue was up 93.6% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is currently 1.57%.

Insider Buying and Selling at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares of the company’s stock, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last ninety days. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent research reports. UBS Group lifted 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. Barclays lifted their target price on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Susquehanna lifted their target price on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. 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. Finally, Melius Research lifted their target price on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Four 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.