Quad Cities Investment Group LLC Reduces Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Quad Cities Investment Group LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,607 shares of the computer hardware maker’s stock after selling 382 shares during the period. NVIDIA makes up 1.5% of Quad Cities Investment Group LLC’s holdings, making the stock its 18th biggest position. Quad Cities Investment Group LLC’s holdings in NVIDIA were worth $3,036,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. boosted its stake in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after acquiring an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. raised its position in NVIDIA by 900.0% during the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock worth $445,000 after acquiring an additional 3,240 shares during the period. Tortoise Investment Management LLC raised its position in NVIDIA by 858.9% during the second quarter. Tortoise Investment Management LLC now owns 6,770 shares of the computer hardware maker’s stock worth $836,000 after acquiring an additional 6,064 shares during the period. Generate Investment Management Ltd lifted its holdings in NVIDIA by 945.0% during the second quarter. Generate Investment Management Ltd now owns 585,609 shares of the computer hardware maker’s stock valued at $72,305,000 after purchasing an additional 529,569 shares in the last quarter. Finally, Allegheny Financial Group LTD acquired a new stake in NVIDIA in the 2nd quarter worth about $835,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Oppenheimer restated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price target on NVIDIA from $155.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of NVIDIA in a report on Monday, January 27th. UBS Group raised their price objective on shares of NVIDIA from $150.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Melius Research upped their target price on NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Trading Down 3.7 %

Shares of NVDA stock opened at $120.07 on Friday. The firm’s 50-day simple moving average is $137.02 and its 200-day simple moving average is $129.37. 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 Co. has a 1-year low of $60.70 and a 1-year high of $153.13. The firm has a market cap of $2.94 trillion, a P/E ratio of 47.25, a PEG ratio of 2.23 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 93.6% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. 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 is currently 1.57%.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated 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 directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 716 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now directly owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is currently owned by company insiders.

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.