NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Dupree Financial Group LLC

Dupree Financial Group LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 17.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,644 shares of the computer hardware maker’s stock after selling 339 shares during the period. Dupree Financial Group LLC’s holdings in NVIDIA were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. boosted its holdings in shares of NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after acquiring an additional 5,695 shares during the last quarter. Cavalry Management Group LLC raised its holdings in shares of NVIDIA by 785.2% during the second quarter. Cavalry Management Group LLC now owns 4,532 shares of the computer hardware maker’s stock worth $560,000 after purchasing an additional 4,020 shares during the last quarter. Anchor Investment Management LLC lifted its position in NVIDIA by 1,087.9% during the second quarter. Anchor Investment Management LLC now owns 72,927 shares of the computer hardware maker’s stock valued at $9,009,000 after purchasing an additional 66,788 shares during the period. Centaurus Financial Inc. boosted its holdings in NVIDIA by 1,212.7% in the second quarter. Centaurus Financial Inc. now owns 234,261 shares of the computer hardware maker’s stock valued at $28,941,000 after purchasing an additional 216,415 shares during the last quarter. Finally, Greater Midwest Financial Group LLC grew its position in NVIDIA by 995.6% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 3,725 shares of the computer hardware maker’s stock worth $440,000 after purchasing an additional 3,385 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NVDA shares. Wells Fargo & Company boosted their price objective on NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Bank of America boosted their price target on NVIDIA from $190.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Redburn Atlantic began coverage on shares of NVIDIA in a research note on Tuesday, November 12th. They set a “buy” rating and a $178.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Finally, Loop Capital reissued a “buy” rating and set a $175.00 price target on shares of NVIDIA in a report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $169.62.

NVIDIA Trading Down 8.7 %

NVDA opened at $114.06 on Tuesday. The stock has a market capitalization of $2.78 trillion, a PE ratio of 44.89, a P/E/G 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 debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business’s 50 day moving average price is $133.68 and its 200 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 analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during 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%. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the 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 transaction, the insider now owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated 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 transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Company insiders own 4.23% of the company’s stock.

NVIDIA 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.