Professional Advisory Services Inc. Sells 1,000 Shares of NVIDIA Co. (NASDAQ:NVDA)

Professional Advisory Services Inc. cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the computer hardware maker’s stock after selling 1,000 shares during the quarter. Professional Advisory Services Inc.’s holdings in NVIDIA were worth $1,074,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ironwood Wealth Management LLC. lifted its holdings in 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 purchasing an additional 5,695 shares during the last quarter. Financial Guidance Group Inc. lifted its holdings in shares of 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 buying an additional 3,240 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NVIDIA in the second quarter valued at about $31,000. Lloyd Advisory Services LLC. grew its stake in shares of NVIDIA by 89.8% in the second quarter. Lloyd Advisory Services LLC. now owns 12,064 shares of the computer hardware maker’s stock valued at $1,490,000 after acquiring an additional 5,709 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in NVIDIA by 916.6% in the 2nd quarter. Lake Street Advisors Group LLC now owns 320,017 shares of the computer hardware maker’s stock worth $39,535,000 after purchasing an additional 288,538 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Loop Capital reaffirmed a “buy” rating and set a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Melius Research raised their price objective on NVIDIA from $165.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Oppenheimer reiterated an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. HSBC decreased their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Evercore ISI increased their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

Insider Buying and Selling at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business’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 value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 716 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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. This trade represents a 3.47 % 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 valued at $146,506,958 in the last 90 days. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 5.1 %

NVDA stock opened at $124.76 on Thursday. The stock has a 50-day simple moving average of $135.83 and a two-hundred day simple moving average of $129.39. NVIDIA Co. has a twelve month low of $66.25 and a twelve month high of $153.13. The firm has a market capitalization of $3.06 trillion, a PE ratio of 49.10, a PEG ratio of 2.16 and a beta of 1.62. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal 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 paid a $0.01 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

NVIDIA 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.