NVIDIA Co. (NASDAQ:NVDA) Shares Sold by River Street Advisors LLC

River Street Advisors LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,382 shares of the computer hardware maker’s stock after selling 551 shares during the quarter. NVIDIA accounts for 3.7% of River Street Advisors LLC’s portfolio, making the stock its 4th largest position. River Street Advisors LLC’s holdings in NVIDIA were worth $7,169,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Jacobsen Capital Management grew its stake in NVIDIA by 0.7% during the 4th quarter. Jacobsen Capital Management now owns 43,372 shares of the computer hardware maker’s stock valued at $5,824,000 after purchasing an additional 281 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in NVIDIA by 21.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 482,714 shares of the computer hardware maker’s stock valued at $64,824,000 after purchasing an additional 85,651 shares in the last quarter. Greenleaf Trust grew its stake in NVIDIA by 0.5% during the 4th quarter. Greenleaf Trust now owns 855,876 shares of the computer hardware maker’s stock valued at $114,936,000 after purchasing an additional 4,378 shares in the last quarter. Nadler Financial Group Inc. grew its stake in NVIDIA by 0.6% during the 4th quarter. Nadler Financial Group Inc. now owns 72,314 shares of the computer hardware maker’s stock valued at $9,711,000 after purchasing an additional 438 shares in the last quarter. Finally, Golden State Equity Partners grew its stake in NVIDIA by 1,197.7% during the 4th quarter. Golden State Equity Partners now owns 199,977 shares of the computer hardware maker’s stock valued at $26,855,000 after purchasing an additional 184,567 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 3.9 %

Shares of NVDA opened at $124.81 on Friday. The company has a market capitalization of $3.06 trillion, a P/E ratio of 49.12, a PEG ratio of 1.76 and a beta of 1.62. 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 Co. has a one year low of $75.61 and a one year high of $153.13. The business’s 50 day simple moving average is $134.19 and its 200-day simple moving average is $131.92.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, sell-side analysts predict 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 will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock valued at $146,405,286 in the last 90 days. 4.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NVDA shares. Raymond James increased their target price on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Redburn Atlantic started coverage on NVIDIA in a report on Tuesday, November 12th. They set a “buy” rating and a $178.00 target price on the stock. UBS Group increased their target price on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 target price on shares of NVIDIA in a report on Monday, February 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $162.00 target price (up previously from $152.00) on shares of NVIDIA in a report on Wednesday. Five analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.62.

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.