NVIDIA Co. (NASDAQ:NVDA) Stake Lowered by Grimes & Company Inc.

Grimes & Company Inc. reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,444 shares of the computer hardware maker’s stock after selling 9,948 shares during the period. Grimes & Company Inc.’s holdings in NVIDIA were worth $14,294,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NVDA. Lantz Financial LLC increased its position in NVIDIA by 2.2% in the 4th quarter. Lantz Financial LLC now owns 41,558 shares of the computer hardware maker’s stock worth $5,581,000 after buying an additional 890 shares during the period. Linden Thomas Advisory Services LLC grew its stake in shares of NVIDIA by 17.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 162,056 shares of the computer hardware maker’s stock worth $21,762,000 after acquiring an additional 24,233 shares during the last quarter. Cyndeo Wealth Partners LLC increased its position in NVIDIA by 3.4% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 205,272 shares of the computer hardware maker’s stock worth $27,566,000 after acquiring an additional 6,685 shares during the period. Geneos Wealth Management Inc. raised its stake in NVIDIA by 14.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 222,942 shares of the computer hardware maker’s stock valued at $29,939,000 after purchasing an additional 28,825 shares during the last quarter. Finally, Legacy Wealth Management Inc boosted its holdings in NVIDIA by 8.1% in the 4th quarter. Legacy Wealth Management Inc now owns 5,035 shares of the computer hardware maker’s stock valued at $676,000 after purchasing an additional 377 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 716 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents 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 quarter. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 2.6 %

Shares of NASDAQ:NVDA opened at $138.85 on Tuesday. The company has a 50 day moving average price of $134.52 and a two-hundred day moving average price of $130.35. The company has a market capitalization of $3.40 trillion, a PE ratio of 54.64, a PEG ratio of 1.62 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 has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm 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 for the quarter was up 93.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays upped their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Bank of America reiterated a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Truist Financial boosted their price objective on NVIDIA from $148.00 to $167.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wedbush raised their target price on NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company lifted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $168.21.

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.