Focus Financial Network Inc. Sells 45,045 Shares of NVIDIA Co. (NASDAQ:NVDA)

Focus Financial Network Inc. cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,827,805 shares of the computer hardware maker’s stock after selling 45,045 shares during the period. NVIDIA makes up approximately 9.8% of Focus Financial Network Inc.’s investment portfolio, making the stock its largest holding. Focus Financial Network Inc.’s holdings in NVIDIA were worth $245,456,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. increased its position in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after purchasing an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. boosted its holdings in shares of NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after buying an additional 248 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 0.1 %

NVIDIA stock opened at $115.58 on Friday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.82 trillion, a P/E ratio of 45.49, a P/E/G ratio of 1.76 and a beta of 1.77. The business has a fifty day moving average of $129.71 and a two-hundred day moving average of $131.20. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.36%.

Insider Transactions at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated 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 directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,039,125 shares of company stock worth $137,062,338. Company insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several analyst reports. Phillip Securities reaffirmed an “accumulate” rating and set a $160.00 price target (up from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Robert W. Baird lifted their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Stifel Nicolaus upped their price objective on NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.69.

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.