NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,907,842 shares of the computer hardware maker’s stock after selling 51,793 shares during the period. NVIDIA accounts for about 3.1% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 3rd largest holding. Vaughan Nelson Investment Management L.P.’s holdings in NVIDIA were worth $353,128,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lantz Financial LLC increased its holdings in shares of NVIDIA by 833.1% in the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after purchasing an additional 36,774 shares during the last quarter. ERn Financial LLC increased its stake in shares of NVIDIA by 917.2% in the 2nd quarter. ERn Financial LLC now owns 45,589 shares of the computer hardware maker’s stock worth $5,632,000 after acquiring an additional 41,107 shares during the last quarter. Peddock Capital Advisors LLC raised its holdings in shares of 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 during the period. Petra Financial Advisors Inc. boosted its position in shares of 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 acquiring an additional 38,109 shares during the last quarter. Finally, Eagle Wealth Strategies LLC grew its holdings in shares of NVIDIA by 1,621.2% in the second quarter. Eagle Wealth Strategies LLC now owns 8,451 shares of the computer hardware maker’s stock valued at $1,044,000 after purchasing an additional 7,960 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

NASDAQ NVDA opened at $134.29 on Thursday. The stock 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 business’s 50 day moving average is $139.55 and its two-hundred day moving average is $128.09. NVIDIA Co. has a 12-month low of $47.32 and a 12-month high of $152.89. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 155,000 shares of the firm’s 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 sale, the director now directly owns 8,100,117 shares of the company’s stock, valued at $1,071,402,475.59. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,226,886 shares of company stock worth $161,499,400 in the last three months. Corporate insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Oppenheimer reiterated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Benchmark upped their price objective on NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Loop Capital reissued a “buy” rating and set a $175.00 target price on shares of NVIDIA in a research note on Wednesday, November 20th. Stifel Nicolaus upped their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $164.15.

About NVIDIA

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.