NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Profit Investment Management LLC

Profit Investment Management LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,208 shares of the computer hardware maker’s stock after selling 492 shares during the quarter. NVIDIA comprises 1.6% of Profit Investment Management LLC’s investment portfolio, making the stock its 27th biggest position. Profit Investment Management LLC’s holdings in NVIDIA were worth $2,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. Inspirion Wealth Advisors LLC grew its holdings in shares of NVIDIA by 1.0% during the fourth quarter. Inspirion Wealth Advisors LLC now owns 9,719 shares of the computer hardware maker’s stock worth $1,362,000 after buying an additional 94 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in NVIDIA during the fourth quarter worth approximately $972,000. Beech Hill Advisors Inc. grew its stake in NVIDIA by 3.6% during the fourth quarter. Beech Hill Advisors Inc. now owns 11,117 shares of the computer hardware maker’s stock worth $1,493,000 after buying an additional 382 shares during the period. Sanders Morris Harris LLC grew its stake in NVIDIA by 0.4% during the fourth quarter. Sanders Morris Harris LLC now owns 195,701 shares of the computer hardware maker’s stock worth $26,382,000 after buying an additional 691 shares during the period. Finally, BFI Infinity Ltd. acquired a new position in shares of NVIDIA during the fourth quarter worth $531,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 2.8 %

NVDA stock opened at $116.66 on Tuesday. The company has a market cap of $2.86 trillion, a price-to-earnings ratio of 45.91, a PEG ratio of 2.16 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 Co. has a 12 month low of $66.25 and a 12 month high of $153.13. The firm has a 50-day moving average of $136.58 and a two-hundred day moving average of $129.41.

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, topping analysts’ consensus estimates 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%. The business’s revenue was up 93.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. As a group, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVDA. Stifel Nicolaus upped their price target on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wedbush upped their price target on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Robert W. Baird increased their target price on shares of NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Raymond James increased their target price on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Citigroup upped their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.23.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction on 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 completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $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. Insiders sold 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. Company insiders own 4.23% of the company’s stock.

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.