NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 93,258 shares of the computer hardware maker’s stock after selling 1,794 shares during the period. Pittenger & Anderson Inc.’s holdings in NVIDIA were worth $12,524,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Evergreen Wealth Management LLC acquired a new stake in NVIDIA in the 4th quarter valued at approximately $1,323,000. Highview Capital Management LLC DE boosted its position in NVIDIA by 6.7% in the 4th quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after buying an additional 3,653 shares during the period. 5T Wealth LLC purchased a new position in NVIDIA in the 4th quarter valued at approximately $1,768,000. Human Investing LLC boosted its position in NVIDIA by 47.5% in the 4th quarter. Human Investing LLC now owns 2,796 shares of the computer hardware maker’s stock valued at $375,000 after buying an additional 901 shares during the period. Finally, Meredith Wealth Planning boosted its position in NVIDIA by 13.4% in the 4th quarter. Meredith Wealth Planning now owns 5,908 shares of the computer hardware maker’s stock valued at $793,000 after buying an additional 698 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This 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 the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 179,109 shares of company stock valued at $22,117,015. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a research report on Thursday, February 20th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an “overweight” rating in a research report on Wednesday. Truist Financial raised their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. KeyCorp set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.51.

NVIDIA Trading Down 0.7 %

Shares of NVIDIA stock opened at $117.70 on Friday. The firm has a market cap of $2.87 trillion, a price-to-earnings ratio of 46.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The company’s 50-day simple moving average is $126.92 and its 200-day simple moving average is $131.18. 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 quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.