D.B. Root & Company LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

D.B. Root & Company LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,498 shares of the computer hardware maker’s stock after selling 208 shares during the period. NVIDIA accounts for about 1.1% of D.B. Root & Company LLC’s investment portfolio, making the stock its 20th biggest holding. D.B. Root & Company LLC’s holdings in NVIDIA were worth $3,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Ironwood Wealth Management LLC. lifted its holdings in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after purchasing an additional 5,695 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $31,000. GHP Investment Advisors Inc. lifted its holdings in shares of NVIDIA by 922.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 10,361 shares of the computer hardware maker’s stock valued at $1,280,000 after purchasing an additional 9,348 shares during the last quarter. WPWealth LLP grew its position in NVIDIA by 935.9% during the 2nd quarter. WPWealth LLP now owns 9,023 shares of the computer hardware maker’s stock worth $1,115,000 after purchasing an additional 8,152 shares during the period. Finally, Pinkerton Retirement Specialists LLC grew its position in NVIDIA by 716.0% during the 2nd quarter. Pinkerton Retirement Specialists LLC now owns 7,556 shares of the computer hardware maker’s stock worth $933,000 after purchasing an additional 6,630 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at $65,056,016.72. The trade was 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 over the last ninety days. Insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $135.29 on Friday. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 1.62 and a beta of 1.62. The company has a fifty day simple moving average of $134.78 and a 200-day simple moving average of $129.85. NVIDIA Co. has a 12-month low of $66.25 and a 12-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.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. During the same period in the previous year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 93.6% on a year-over-year basis. Equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

NVDA has been the topic of several analyst reports. Evercore ISI increased their price target on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. HSBC decreased their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a research note on Monday, January 27th. Bank of America reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Finally, Citigroup raised their target price on shares of NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

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.