Chicago Capital LLC Sells 4,463 Shares of NVIDIA Co. (NASDAQ:NVDA)

Chicago Capital LLC decreased its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 765,580 shares of the computer hardware maker’s stock after selling 4,463 shares during the period. NVIDIA accounts for about 2.7% of Chicago Capital LLC’s holdings, making the stock its 7th biggest holding. Chicago Capital LLC’s holdings in NVIDIA were worth $102,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new stake in NVIDIA during the 3rd quarter valued at $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA during the 2nd quarter valued at $31,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the 4th quarter valued at $34,000. West Financial Advisors LLC bought a new stake in NVIDIA during the 3rd quarter valued at $36,000. Finally, Luken Investment Analytics LLC bought a new stake in NVIDIA during the 4th quarter valued at $40,000. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NVDA. TD Cowen lifted their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Susquehanna lifted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. DA Davidson reaffirmed a “neutral” rating and set a $135.00 price objective on shares of NVIDIA in a report on Thursday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $169.62.

NVIDIA Stock Performance

NVDA opened at $124.81 on Friday. The business’s 50 day moving average is $134.19 and its 200-day moving average is $132.03. The stock has a market cap of $3.05 trillion, a PE ratio of 49.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Insider Activity

In other news, EVP Ajay K. Puri sold 36,462 shares of the business’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 transaction, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. The trade was a 1.95 % 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 worth $146,405,286 in the last ninety days. Corporate insiders own 4.23% of the company’s stock.

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.