Great Diamond Partners LLC Sells 556 Shares of NVIDIA Co. (NASDAQ:NVDA)

Great Diamond Partners LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,936 shares of the computer hardware maker’s stock after selling 556 shares during the period. NVIDIA accounts for about 1.4% of Great Diamond Partners LLC’s investment portfolio, making the stock its 16th largest position. Great Diamond Partners LLC’s holdings in NVIDIA were worth $5,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Ironwood Wealth Management LLC. increased its stake in NVIDIA by 896.9% in 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 during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in NVIDIA in the 2nd quarter worth about $31,000. Beck Bode LLC raised its holdings in shares of NVIDIA by 698.5% in the second quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock worth $22,591,000 after buying an additional 159,966 shares during the period. DSM Capital Partners LLC increased its stake in NVIDIA by 592.7% in the second quarter. DSM Capital Partners LLC now owns 6,864,047 shares of the computer hardware maker’s stock worth $847,984,000 after purchasing an additional 5,873,143 shares during the period. Finally, DSC Advisors L.P. lifted its holdings in NVIDIA by 701.2% during the 2nd quarter. DSC Advisors L.P. now owns 2,580 shares of the computer hardware maker’s stock valued at $319,000 after buying an additional 2,258 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 3.7 %

NVIDIA stock opened at $131.28 on Thursday. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The stock has a market capitalization of $3.22 trillion, a PE ratio of 51.66, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a 50 day simple moving average of $134.60 and a 200-day simple moving average of $131.89.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Needham & Company LLC lifted their target price on NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Susquehanna boosted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Mizuho increased their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday, November 21st. Finally, TD Cowen increased their price objective on NVIDIA from $165.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and an average target price of $168.21.

Insider Buying and Selling at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the sale, the chief financial officer now owns 3,351,572 shares of the company’s stock, valued at approximately $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,107,632 shares of company stock valued at $146,405,286 over the last ninety days. Corporate 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.