E. Ohman J or Asset Management AB Sells 16,752 Shares of NVIDIA Co. (NASDAQ:NVDA)

E. Ohman J or Asset Management AB trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,100,820 shares of the computer hardware maker’s stock after selling 16,752 shares during the quarter. NVIDIA comprises about 6.6% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 3rd largest holding. E. Ohman J or Asset Management AB’s holdings in NVIDIA were worth $282,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new stake in NVIDIA during the third quarter worth about $27,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $34,000. West Financial Advisors LLC acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $36,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $40,000. Finally, DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $114.06 on Tuesday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a market capitalization of $2.78 trillion, a price-to-earnings ratio of 44.89, a P/E/G ratio of 1.76 and a beta of 1.62. The firm’s fifty day moving average price is $133.68 and its two-hundred day moving average price is $132.06.

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

Analysts Set New Price Targets

Several brokerages have commented on NVDA. Piper Sandler boosted their target price on NVIDIA from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Benchmark reaffirmed a “buy” rating and issued a $190.00 price objective on shares of NVIDIA in a research note on Thursday, February 27th. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Stifel Nicolaus raised their price target on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $220.00 price objective on shares of NVIDIA in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.62.

Insider Activity at NVIDIA

In other news, 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 transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on 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 owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is 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.