Lewis Asset Management LLC Sells 1,518 Shares of NVIDIA Co. (NASDAQ:NVDA)

Lewis Asset Management LLC lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 106,263 shares of the computer hardware maker’s stock after selling 1,518 shares during the period. NVIDIA comprises about 10.9% of Lewis Asset Management LLC’s portfolio, making the stock its largest holding. Lewis Asset Management LLC’s holdings in NVIDIA were worth $14,270,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. OLD National Bancorp IN raised its position in shares of NVIDIA by 8.5% during the fourth quarter. OLD National Bancorp IN now owns 363,101 shares of the computer hardware maker’s stock worth $48,761,000 after purchasing an additional 28,588 shares during the period. Westhampton Capital LLC increased its stake in NVIDIA by 1.3% in the 4th quarter. Westhampton Capital LLC now owns 41,384 shares of the computer hardware maker’s stock worth $5,557,000 after purchasing an additional 534 shares in the last quarter. Busey Bank raised its holdings in NVIDIA by 2.0% during the 4th quarter. Busey Bank now owns 853,153 shares of the computer hardware maker’s stock worth $114,570,000 after buying an additional 16,536 shares during the period. Abel Hall LLC lifted its stake in NVIDIA by 2.4% during the fourth quarter. Abel Hall LLC now owns 28,373 shares of the computer hardware maker’s stock valued at $3,810,000 after buying an additional 655 shares in the last quarter. Finally, Synergy Asset Management LLC boosted its holdings in shares of NVIDIA by 110.3% in the fourth quarter. Synergy Asset Management LLC now owns 568,698 shares of the computer hardware maker’s stock worth $74,094,000 after buying an additional 298,218 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the transaction, the insider now owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,107,632 shares of company stock valued at $146,405,286. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Down 3.1 %

NVDA stock opened at $130.28 on Tuesday. The stock has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 51.27, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company has a 50-day moving average of $134.63 and a two-hundred day moving average of $131.74. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

Analysts Set New Price Targets

A number of equities analysts recently commented on NVDA shares. Robert W. Baird raised their price objective on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Morgan Stanley reduced their target price on NVIDIA from $166.00 to $152.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Evercore ISI lifted their price target on NVIDIA from $189.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Tigress Financial raised NVIDIA from a “buy” rating to a “strong-buy” rating and increased their price objective for the stock from $170.00 to $220.00 in a research note on Tuesday, January 28th. Finally, Needham & Company LLC raised their price objective on NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.21.

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.