NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 18.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,334 shares of the computer hardware maker’s stock after selling 2,084 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in NVIDIA were worth $1,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hoertkorn Richard Charles increased its stake in NVIDIA by 2.0% during the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker’s stock worth $424,000 after acquiring an additional 70 shares during the last quarter. Smart Portfolios LLC increased its position in NVIDIA by 2.7% during the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker’s stock worth $341,000 after purchasing an additional 75 shares in the last quarter. Palisade Asset Management LLC raised its holdings in NVIDIA by 0.5% in the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after buying an additional 75 shares during the period. Kwmg LLC raised its holdings in NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock valued at $1,755,000 after buying an additional 77 shares during the period. Finally, Total Wealth Planning LLC lifted its position in NVIDIA by 3.6% during the third quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker’s stock valued at $276,000 after buying an additional 78 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVIDIA news, Director John Dabiri sold 716 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock valued at $146,506,958 over the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $139.40 on Wednesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $134.52 and its 200 day moving average price is $130.56. NVIDIA Co. has a fifty-two week low of $66.25 and a fifty-two week high of $153.13. The firm has a market cap of $3.41 trillion, a price-to-earnings ratio of 54.86, 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. The business had revenue of $35.08 billion for the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business’s quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NVDA shares. Raymond James raised their target price on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Morgan Stanley cut their price objective on NVIDIA from $166.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Tigress Financial upgraded NVIDIA from a “buy” rating to a “strong-buy” rating and boosted their price objective for the stock from $170.00 to $220.00 in a research note on Tuesday, January 28th. Redburn Atlantic assumed coverage on NVIDIA in a research note on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $168.21.

NVIDIA 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.