NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Almanack Investment Partners LLC.

Almanack Investment Partners LLC. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,992 shares of the computer hardware maker’s stock after selling 2,805 shares during the quarter. Almanack Investment Partners LLC.’s holdings in NVIDIA were worth $4,699,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. TFG Advisers LLC grew its holdings in shares of NVIDIA by 0.7% during the fourth quarter. TFG Advisers LLC now owns 69,044 shares of the computer hardware maker’s stock valued at $9,272,000 after purchasing an additional 447 shares during the last quarter. SC&H Financial Advisors Inc. grew its holdings in shares of NVIDIA by 1.6% during the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after purchasing an additional 80 shares during the last quarter. Clientfirst Wealth Management LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $235,000. Tenon Financial LLC bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $216,000. Finally, Mainsail Financial Group LLC grew its holdings in shares of NVIDIA by 3.3% during the fourth quarter. Mainsail Financial Group LLC now owns 10,950 shares of the computer hardware maker’s stock valued at $1,471,000 after purchasing an additional 350 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Transactions at NVIDIA

In other news, 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 value of $5,509,408.20. Following the transaction, the executive vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA opened at $112.69 on Monday. The stock has a fifty day moving average of $131.66 and a 200-day moving average of $131.68. The firm has a market capitalization of $2.75 trillion, a P/E ratio of 44.35, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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

NVIDIA Dividend Announcement

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 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NVDA. UBS Group increased their price objective on NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Raymond James increased their price objective on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday, February 20th. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Evercore ISI increased their price objective on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Four equities research 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 company. According to MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $171.69.

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.