TFC Financial Management Inc. Sells 2,152 Shares of NVIDIA Co. (NASDAQ:NVDA)

TFC Financial Management Inc. decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,774 shares of the computer hardware maker’s stock after selling 2,152 shares during the period. NVIDIA accounts for about 0.5% of TFC Financial Management Inc.’s portfolio, making the stock its 21st biggest holding. TFC Financial Management Inc.’s holdings in NVIDIA were worth $3,058,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NVDA. Park Capital Management LLC WI bought a new position in NVIDIA during the fourth quarter valued at approximately $8,593,000. Ingalls & Snyder LLC boosted its stake in NVIDIA by 1.1% during the fourth quarter. Ingalls & Snyder LLC now owns 214,721 shares of the computer hardware maker’s stock valued at $28,835,000 after buying an additional 2,359 shares during the last quarter. Consolidated Planning Corp boosted its stake in NVIDIA by 3.7% during the fourth quarter. Consolidated Planning Corp now owns 67,192 shares of the computer hardware maker’s stock valued at $9,023,000 after buying an additional 2,399 shares during the last quarter. MFG Wealth Management Inc. bought a new position in NVIDIA during the fourth quarter valued at approximately $3,970,000. Finally, Hidden Cove Wealth Management LLC bought a new position in NVIDIA during the fourth quarter valued at approximately $3,169,000. Institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now 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 ownership of the stock. The disclosure for this sale can be found here. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $121.67 on Monday. The firm has a market capitalization of $2.97 trillion, a P/E ratio of 47.88, a PEG ratio of 1.76 and a beta of 1.77. The stock has a 50-day simple moving average of $129.26 and a two-hundred day simple moving average of $131.23. 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 fifty-two week low of $75.61 and a fifty-two week high of $153.13.

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

NVIDIA Dividend Announcement

The firm also recently declared 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. 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 is presently 1.36%.

Analyst Ratings Changes

A number of brokerages recently commented on NVDA. Deutsche Bank Aktiengesellschaft increased their price target on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Mizuho decreased their price objective on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday. The Goldman Sachs Group upped their price objective on NVIDIA from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.51.

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.