NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Aljian Capital Management LLC

Aljian Capital Management LLC cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 256,379 shares of the computer hardware maker’s stock after selling 42,727 shares during the quarter. NVIDIA accounts for about 7.5% of Aljian Capital Management LLC’s investment portfolio, making the stock its 5th largest holding. Aljian Capital Management LLC’s holdings in NVIDIA were worth $34,429,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Intelligence Driven Advisers LLC lifted its stake in NVIDIA by 9.2% during the fourth quarter. Intelligence Driven Advisers LLC now owns 16,561 shares of the computer hardware maker’s stock worth $2,224,000 after purchasing an additional 1,397 shares during the last quarter. G&S Capital LLC increased its holdings in shares of NVIDIA by 18.3% during the fourth quarter. G&S Capital LLC now owns 24,693 shares of the computer hardware maker’s stock valued at $3,316,000 after purchasing an additional 3,816 shares during the period. MGB Wealth Management LLC increased its holdings in shares of NVIDIA by 3.6% during the fourth quarter. MGB Wealth Management LLC now owns 60,176 shares of the computer hardware maker’s stock valued at $8,141,000 after purchasing an additional 2,086 shares during the period. Morris Financial Concepts Inc. increased its holdings in shares of NVIDIA by 40.4% during the fourth quarter. Morris Financial Concepts Inc. now owns 3,780 shares of the computer hardware maker’s stock valued at $508,000 after purchasing an additional 1,087 shares during the period. Finally, Howard Bailey Securities LLC increased its holdings in shares of NVIDIA by 195.1% during the fourth quarter. Howard Bailey Securities LLC now owns 19,625 shares of the computer hardware maker’s stock valued at $2,635,000 after purchasing an additional 12,974 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 5.3 %

NVDA stock opened at $121.67 on Monday. 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 stock has a market capitalization of $2.97 trillion, a P/E ratio of 47.88, a P/E/G ratio of 1.76 and a beta of 1.77. The business has a 50-day moving average of $129.26 and a 200-day moving average of $131.23. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVDA. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Mizuho reduced their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday. Evercore ISI boosted their target price on NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Barclays lifted their price target on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Bank of America lifted their price target on NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

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.