RHS Financial LLC Has $1.45 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

RHS Financial LLC reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,810 shares of the computer hardware maker’s stock after selling 188 shares during the period. RHS Financial LLC’s holdings in NVIDIA were worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clear Creek Financial Management LLC lifted its stake in shares of NVIDIA by 5.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 112,042 shares of the computer hardware maker’s stock valued at $15,046,000 after acquiring an additional 5,787 shares during the last quarter. N.E.W. Advisory Services LLC grew its holdings in shares of NVIDIA by 2.7% during the fourth quarter. N.E.W. Advisory Services LLC now owns 26,836 shares of the computer hardware maker’s stock worth $3,604,000 after purchasing an additional 704 shares during the last quarter. Custom Index Systems LLC increased its stake in shares of NVIDIA by 4.9% in the fourth quarter. Custom Index Systems LLC now owns 37,787 shares of the computer hardware maker’s stock valued at $5,074,000 after buying an additional 1,771 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $8,252,000. Finally, TriaGen Wealth Management LLC raised its holdings in NVIDIA by 56.7% in the 4th quarter. TriaGen Wealth Management LLC now owns 101,897 shares of the computer hardware maker’s stock valued at $13,684,000 after buying an additional 36,879 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

NVDA has been the subject of a number of recent research reports. Raymond James increased their price objective on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. Robert W. Baird increased their price target on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday. Barclays upped 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. Finally, Redburn Atlantic started coverage on shares of NVIDIA in a report on Tuesday, November 12th. They set a “buy” rating and a $178.00 price target for the company. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $168.21.

NVIDIA Stock Up 3.7 %

NVDA opened at $131.28 on Thursday. The firm has a market capitalization of $3.22 trillion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13. The company has a fifty day moving average price of $134.60 and a 200-day moving average price of $131.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated 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 owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock worth $146,405,286 in the last ninety days. 4.23% of the stock is currently owned by insiders.

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.