tru Independence LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

tru Independence LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,975 shares of the computer hardware maker’s stock after selling 479 shares during the quarter. tru Independence LLC’s holdings in NVIDIA were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NVDA. Christopher J. Hasenberg Inc acquired a new position in shares of NVIDIA during the 3rd quarter valued at $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA in the second quarter valued at about $31,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 4th quarter valued at approximately $34,000. West Financial Advisors LLC acquired a new position in NVIDIA during the 3rd quarter worth $36,000. Finally, DHJJ Financial Advisors Ltd. grew its stake in NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 140 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NVDA. UBS Group boosted their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Stifel Nicolaus increased their target price on NVIDIA from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Benchmark reissued a “buy” rating and set a $190.00 price target on shares of NVIDIA in a report on Tuesday, January 7th. Truist Financial increased their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Robert W. Baird boosted their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $168.21.

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares in the company, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $589,726,376.80. 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. Company insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $140.11 on Friday. The stock has a 50-day simple moving average of $134.66 and a 200 day simple moving average of $130.91. NVIDIA Co. has a twelve month low of $66.25 and a twelve month high of $153.13. The stock has a market capitalization of $3.43 trillion, a PE ratio of 55.14, a P/E/G ratio of 1.75 and a beta of 1.62. 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 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company 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 business earned $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

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.