Vision Capital Management Inc. Has $13.76 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Vision Capital Management Inc. lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,456 shares of the computer hardware maker’s stock after selling 228 shares during the period. NVIDIA accounts for 2.0% of Vision Capital Management Inc.’s portfolio, making the stock its 14th largest position. Vision Capital Management Inc.’s holdings in NVIDIA were worth $13,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of NVDA. Christopher J. Hasenberg Inc acquired a new stake in shares of NVIDIA during the 3rd quarter worth approximately $27,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the 4th quarter valued at $34,000. West Financial Advisors LLC bought a new position in shares of NVIDIA in the 3rd quarter worth $36,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter valued at about $40,000. Finally, DHJJ Financial Advisors Ltd. lifted its stake in NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after buying an additional 140 shares during the period. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on 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 trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % 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 worth $146,405,286. 4.23% of the stock is owned by insiders.

NVIDIA Trading Down 5.7 %

NVIDIA stock opened at $110.57 on Friday. The stock has a 50-day simple moving average of $132.15 and a 200 day simple moving average of $131.75. The stock has a market capitalization of $2.70 trillion, a P/E ratio of 43.51, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s payout ratio is presently 1.36%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NVDA. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and set a $220.00 price objective on shares of NVIDIA in a report on Monday, February 24th. Oppenheimer reaffirmed an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. HSBC reduced their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Barclays upped their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.69.

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.