Hendershot Investments Inc. Sells 155 Shares of NVIDIA Co. (NASDAQ:NVDA)

Hendershot Investments Inc. cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,856 shares of the computer hardware maker’s stock after selling 155 shares during the quarter. Hendershot Investments Inc.’s holdings in NVIDIA were worth $518,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NVDA. AMF Tjanstepension AB increased its position in shares of NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock valued at $976,348,000 after acquiring an additional 169,445 shares during the period. Perkins Coie Trust Co increased its position in shares of NVIDIA by 3,362.4% in the third quarter. Perkins Coie Trust Co now owns 31,508 shares of the computer hardware maker’s stock valued at $3,826,000 after buying an additional 30,598 shares in the last quarter. Barlow Wealth Partners Inc. raised its position in NVIDIA by 79.9% during the third quarter. Barlow Wealth Partners Inc. now owns 126,397 shares of the computer hardware maker’s stock worth $16,143,000 after acquiring an additional 56,147 shares during the period. Eagle Wealth Strategies LLC raised its position in shares of NVIDIA by 10.4% during the 3rd quarter. Eagle Wealth Strategies LLC now owns 9,334 shares of the computer hardware maker’s stock worth $1,133,000 after purchasing an additional 883 shares during the last quarter. Finally, First National Corp MA ADV raised its holdings in shares of NVIDIA by 3.1% during the third quarter. First National Corp MA ADV now owns 12,863 shares of the computer hardware maker’s stock valued at $1,562,000 after acquiring an additional 389 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVDA. Benchmark reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, February 27th. Stifel Nicolaus upped their price target on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. HSBC lowered their price objective on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research report on Monday, January 13th. UBS Group lifted their target price on NVIDIA from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Susquehanna boosted their price target 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. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $171.69.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the company’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 sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the sale, the insider now directly owns 480,899 shares in the company, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,107,632 shares of company stock worth $146,405,286. Company insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 5.1 %

Shares of NVDA stock opened at $106.98 on Tuesday. NVIDIA Co. has a twelve month low of $75.61 and a twelve month 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 business’s 50 day moving average is $131.05 and its two-hundred day moving average is $131.57. The company has a market capitalization of $2.61 trillion, a P/E ratio of 42.10, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

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

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid 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 dividend payout ratio (DPR) is 1.36%.

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.