RFP Financial Group LLC Cuts Position in NVIDIA Co. (NASDAQ:NVDA)

RFP Financial Group LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,529 shares of the computer hardware maker’s stock after selling 543 shares during the quarter. RFP Financial Group LLC’s holdings in NVIDIA were worth $1,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVDA. AMF Tjanstepension AB grew its position in shares of NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after acquiring an additional 169,445 shares during the last quarter. Perkins Coie Trust Co boosted its stake in NVIDIA by 3,362.4% during the 3rd quarter. Perkins Coie Trust Co now owns 31,508 shares of the computer hardware maker’s stock worth $3,826,000 after purchasing an additional 30,598 shares during the period. Barlow Wealth Partners Inc. grew its position in NVIDIA by 79.9% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 126,397 shares of the computer hardware maker’s stock worth $16,143,000 after purchasing an additional 56,147 shares during the last quarter. Eagle Wealth Strategies LLC increased its stake in NVIDIA by 10.4% in the third quarter. Eagle Wealth Strategies LLC now owns 9,334 shares of the computer hardware maker’s stock valued at $1,133,000 after purchasing an additional 883 shares during the period. Finally, First National Corp MA ADV raised its holdings in shares of NVIDIA by 3.1% in the third quarter. First National Corp MA ADV now owns 12,863 shares of the computer hardware maker’s stock valued at $1,562,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of the company’s stock in a transaction on Friday, December 13th. The stock was 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,107,632 shares of company stock valued at $146,405,286 over the last three months. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on NVDA shares. Stifel Nicolaus lifted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Melius Research lifted their price objective on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research note on Thursday, February 20th. Bank of America upped their price objective on NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Redburn Atlantic initiated coverage on NVIDIA in a report on Tuesday, November 12th. They issued a “buy” rating and a $178.00 target price for the company. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.69.

NVIDIA Trading Down 5.1 %

Shares of NVIDIA stock opened at $106.98 on Tuesday. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13. The company has a market capitalization of $2.61 trillion, a P/E ratio of 42.10, a P/E/G ratio of 1.76 and a beta of 1.77. The business has a 50 day moving average price of $131.05 and a 200 day moving average price of $131.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 yield of 0.04%. NVIDIA’s dividend payout ratio is presently 1.36%.

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.