NVIDIA Co. (NASDAQ:NVDA) Stake Lowered by Hardy Reed LLC

Hardy Reed LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,557 shares of the computer hardware maker’s stock after selling 347 shares during the period. Hardy Reed LLC’s holdings in NVIDIA were worth $5,168,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. NCP Inc. raised its holdings in shares of NVIDIA by 14.6% during the 3rd quarter. NCP Inc. now owns 206,065 shares of the computer hardware maker’s stock valued at $25,025,000 after purchasing an additional 26,175 shares in the last quarter. Baldwin Investment Management LLC raised its holdings in NVIDIA by 5.6% during the third quarter. Baldwin Investment Management LLC now owns 120,981 shares of the computer hardware maker’s stock valued at $14,692,000 after buying an additional 6,379 shares in the last quarter. Carlson Capital Management lifted its position in shares of NVIDIA by 50.4% in the third quarter. Carlson Capital Management now owns 8,708 shares of the computer hardware maker’s stock worth $1,057,000 after buying an additional 2,917 shares during the last quarter. Thematics Asset Management boosted its stake in shares of NVIDIA by 4.7% during the 3rd quarter. Thematics Asset Management now owns 1,073,918 shares of the computer hardware maker’s stock worth $130,417,000 after acquiring an additional 48,158 shares in the last quarter. Finally, M.D. Sass LLC increased its holdings in shares of NVIDIA by 54.5% during the 3rd quarter. M.D. Sass LLC now owns 20,550 shares of the computer hardware maker’s stock valued at $2,496,000 after acquiring an additional 7,250 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Down 3.0 %

NVDA opened at $135.91 on Monday. NVIDIA Co. has a 1-year low of $53.56 and a 1-year high of $153.13. The firm has a 50-day moving average price of $139.90 and a two-hundred day moving average price of $128.70. The stock has a market capitalization of $3.33 trillion, a PE ratio of 53.49, a PEG ratio of 2.43 and a beta of 1.64. 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 issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share 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 analyst estimates of $33.15 billion. During the same quarter last year, the business posted $0.38 earnings per share. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, equities analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal 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 of this dividend was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of recent analyst reports. Melius Research upped their target price on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Benchmark reiterated a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a report on Tuesday, January 7th. William Blair began coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. HSBC raised their price target on NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley increased their target price on NVIDIA from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares of the company’s stock, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last 90 days. Insiders own 4.23% of the company’s stock.

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.