NVIDIA Co. (NASDAQ:NVDA) Stake Decreased by SFE Investment Counsel

SFE Investment Counsel cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,742 shares of the computer hardware maker’s stock after selling 8,750 shares during the quarter. NVIDIA accounts for 3.9% of SFE Investment Counsel’s portfolio, making the stock its 2nd biggest holding. SFE Investment Counsel’s holdings in NVIDIA were worth $18,497,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NVDA. Intelligence Driven Advisers LLC boosted its position 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 in the last quarter. G&S Capital LLC boosted its position in NVIDIA by 18.3% during the fourth quarter. G&S Capital LLC now owns 24,693 shares of the computer hardware maker’s stock worth $3,316,000 after purchasing an additional 3,816 shares in the last quarter. MGB Wealth Management LLC boosted its position in NVIDIA by 3.6% during the fourth quarter. MGB Wealth Management LLC now owns 60,176 shares of the computer hardware maker’s stock worth $8,141,000 after purchasing an additional 2,086 shares in the last quarter. Morris Financial Concepts Inc. boosted its position in NVIDIA by 40.4% during the fourth quarter. Morris Financial Concepts Inc. now owns 3,780 shares of the computer hardware maker’s stock worth $508,000 after purchasing an additional 1,087 shares in the last quarter. Finally, Howard Bailey Securities LLC boosted its position in NVIDIA by 195.1% during the fourth quarter. Howard Bailey Securities LLC now owns 19,625 shares of the computer hardware maker’s stock worth $2,635,000 after purchasing an additional 12,974 shares in the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of the business’s 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 completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were 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 of the company’s stock, valued at $1,900,690. This 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 Price Performance

Shares of NASDAQ NVDA opened at $121.67 on Monday. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $153.13. The business has a 50 day moving average price of $129.26 and a two-hundred day moving average price of $131.23. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.97 trillion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last issued its 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 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%. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced 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 of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NVDA. Phillip Securities reiterated an “accumulate” rating and set a $160.00 target price (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Truist Financial upped their price objective on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a $162.00 price objective (up from $152.00) on shares of NVIDIA in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average target price 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.