Concord Asset Management LLC VA Has $12.19 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Concord Asset Management LLC VA trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,736 shares of the computer hardware maker’s stock after selling 10,236 shares during the quarter. NVIDIA accounts for 2.7% of Concord Asset Management LLC VA’s portfolio, making the stock its 9th largest position. Concord Asset Management LLC VA’s holdings in NVIDIA were worth $12,185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVDA. Chicago Partners Investment Group LLC lifted its position in NVIDIA by 0.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 508,376 shares of the computer hardware maker’s stock valued at $71,229,000 after acquiring an additional 2,829 shares in the last quarter. Scharf Investments LLC increased its stake in shares of NVIDIA by 4.9% during the fourth quarter. Scharf Investments LLC now owns 42,939 shares of the computer hardware maker’s stock worth $5,766,000 after purchasing an additional 2,007 shares during the period. Everett Harris & Co. CA lifted its holdings in shares of NVIDIA by 2.2% during the fourth quarter. Everett Harris & Co. CA now owns 39,038 shares of the computer hardware maker’s stock worth $5,242,000 after buying an additional 840 shares in the last quarter. Total Clarity Wealth Management Inc. grew its position in shares of NVIDIA by 1.9% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 37,690 shares of the computer hardware maker’s stock worth $5,061,000 after purchasing an additional 715 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in NVIDIA by 5.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 112,042 shares of the computer hardware maker’s stock worth $15,046,000 after acquiring an additional 5,787 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 8.5 %

NVDA stock opened at $120.15 on Friday. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.94 trillion, a price-to-earnings ratio of 47.28, a price-to-earnings-growth ratio of 1.76 and a beta of 1.62. The company’s 50 day moving average is $134.39 and its 200 day moving average is $131.81.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. Sell-side 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 will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NVDA shares. Raymond James boosted 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. Melius Research upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 target price (up from $152.00) on shares of NVIDIA in a report on Wednesday. Truist Financial increased their price target on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Phillip Securities restated an “accumulate” rating and issued a $160.00 price target (up from $155.00) on shares of NVIDIA in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has 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 target price of $169.62.

Insider Activity at NVIDIA

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the business’s 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,107,632 shares of company stock worth $146,405,286 over the last quarter. 4.23% of the stock is owned by corporate insiders.

NVIDIA Company 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.