NVIDIA Co. (NASDAQ:NVDA) Shares Sold by South Dakota Investment Council

South Dakota Investment Council trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 994,475 shares of the computer hardware maker’s stock after selling 1,275 shares during the period. NVIDIA comprises about 2.7% of South Dakota Investment Council’s investment portfolio, making the stock its 5th biggest position. South Dakota Investment Council’s holdings in NVIDIA were worth $133,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. World Equity Group Inc. lifted its stake in shares of NVIDIA by 110.5% in the fourth quarter. World Equity Group Inc. now owns 105,708 shares of the computer hardware maker’s stock valued at $14,196,000 after buying an additional 55,497 shares during the period. Atlantic Family Wealth LLC acquired a new position in NVIDIA in the 4th quarter valued at approximately $670,000. Delap Wealth Advisory LLC lifted its position in shares of NVIDIA by 7.5% in the 4th quarter. Delap Wealth Advisory LLC now owns 6,894 shares of the computer hardware maker’s stock worth $926,000 after acquiring an additional 480 shares during the period. Stevens Capital Partners grew its holdings in shares of NVIDIA by 3.0% during the 4th quarter. Stevens Capital Partners now owns 5,049 shares of the computer hardware maker’s stock worth $678,000 after purchasing an additional 145 shares in the last quarter. Finally, MONECO Advisors LLC increased its position in shares of NVIDIA by 11.4% during the fourth quarter. MONECO Advisors LLC now owns 107,885 shares of the computer hardware maker’s stock valued at $14,488,000 after purchasing an additional 11,048 shares during the period. Institutional investors own 65.27% of the company’s stock.

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 shares were 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 approximately $589,726,376.80. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,609 shares of company stock worth $22,642,615. 4.23% of the stock is currently owned by company insiders.

NVIDIA Trading Down 1.6 %

NVDA opened at $109.67 on Friday. The firm has a 50 day simple moving average of $125.01 and a 200 day simple moving average of $131.50. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The company has a market cap of $2.68 trillion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. 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 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 net margin of 55.69% and a return on equity of 114.83%. The company 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 year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVDA. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. DA Davidson lowered their target price on shares of NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the stock an “overweight” rating in a research note on Wednesday, March 19th. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Finally, Bank of America restated a “buy” rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.51.

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.