NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,974 shares of the computer hardware maker’s stock after selling 480 shares during the period. Telos Capital Management Inc.’s holdings in NVIDIA were worth $5,100,000 as of its most recent filing with the SEC.

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

NVIDIA Stock Up 1.9 %

NVDA stock opened at $112.69 on Friday. The company has a market capitalization of $2.75 trillion, a price-to-earnings ratio of 44.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. 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 $131.66 and its two-hundred day moving average price is $131.63. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week 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 for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Truist Financial boosted their target price on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley reissued an “overweight” rating and issued a $162.00 price target (up from $152.00) on shares of NVIDIA in a report on Wednesday, February 26th. Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Raymond James increased their target price on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.69.

Insider Buying and Selling at NVIDIA

In other news, 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 transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares in the company, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,107,632 shares of company stock worth $146,405,286. 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.