NVIDIA Co. (NASDAQ:NVDA) Shares Sold by River Street Advisors LLC

River Street Advisors LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,933 shares of the computer hardware maker’s stock after selling 862 shares during the period. NVIDIA makes up 3.6% of River Street Advisors LLC’s investment portfolio, making the stock its 3rd largest position. River Street Advisors LLC’s holdings in NVIDIA were worth $6,550,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NVDA. Lantz Financial LLC grew its stake in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock worth $5,088,000 after buying an additional 36,774 shares during the period. ERn Financial LLC boosted its position in shares of NVIDIA by 917.2% in the second quarter. ERn Financial LLC now owns 45,589 shares of the computer hardware maker’s stock worth $5,632,000 after buying an additional 41,107 shares during the period. Peddock Capital Advisors LLC lifted its position in NVIDIA by 814.3% during the 2nd quarter. Peddock Capital Advisors LLC now owns 439,046 shares of the computer hardware maker’s stock worth $54,240,000 after acquiring an additional 391,026 shares in the last quarter. Petra Financial Advisors Inc. grew its holdings in NVIDIA by 866.3% during the 2nd quarter. Petra Financial Advisors Inc. now owns 42,508 shares of the computer hardware maker’s stock valued at $5,251,000 after purchasing an additional 38,109 shares in the last quarter. Finally, Eagle Wealth Strategies LLC increased its stake in NVIDIA by 1,621.2% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 8,451 shares of the computer hardware maker’s stock worth $1,044,000 after buying an additional 7,960 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Down 2.3 %

Shares of NVDA stock opened at $134.29 on Thursday. The company has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 52.85, a PEG ratio of 2.43 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock’s 50 day simple moving average is $139.55 and its 200 day simple moving average is $128.09. NVIDIA Co. has a twelve month low of $47.32 and a twelve month high of $152.89.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s quarterly revenue was up 93.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. As a group, research analysts predict that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.57%.

Insiders Place Their Bets

In other news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 155,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total transaction of $20,501,850.00. Following the completion of the sale, the director now owns 8,100,117 shares of the company’s stock, valued at approximately $1,071,402,475.59. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,226,886 shares of company stock valued at $161,499,400 in the last three months. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NVDA shares. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price target on shares of NVIDIA in a report on Monday, November 18th. William Blair initiated coverage on shares of NVIDIA in a research note on Wednesday, September 18th. They set an “outperform” rating for the company. Robert W. Baird raised their target price on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. UBS Group raised their target price on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Loop Capital restated a “buy” rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $164.15.

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.