Integrated Investment Consultants LLC Sells 300 Shares of NVIDIA Co. (NASDAQ:NVDA)

Integrated Investment Consultants LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,797 shares of the computer hardware maker’s stock after selling 300 shares during the quarter. Integrated Investment Consultants LLC’s holdings in NVIDIA were worth $218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bray Capital Advisors raised its holdings in NVIDIA by 3.7% during the 3rd quarter. Bray Capital Advisors now owns 26,775 shares of the computer hardware maker’s stock valued at $3,250,000 after acquiring an additional 944 shares during the period. Sunbelt Securities Inc. boosted its position in NVIDIA by 11.2% during the third quarter. Sunbelt Securities Inc. now owns 34,657 shares of the computer hardware maker’s stock valued at $4,207,000 after buying an additional 3,492 shares during the period. Power Corp of Canada raised its stake in shares of NVIDIA by 7.7% during the third quarter. Power Corp of Canada now owns 29,528 shares of the computer hardware maker’s stock valued at $3,584,000 after acquiring an additional 2,112 shares during the last quarter. Ambassador Advisors LLC raised its stake in shares of NVIDIA by 10.8% during the third quarter. Ambassador Advisors LLC now owns 36,041 shares of the computer hardware maker’s stock valued at $4,375,000 after acquiring an additional 3,518 shares during the last quarter. Finally, River & Mercantile Asset Management LLP bought a new position in shares of NVIDIA during the third quarter valued at about $1,046,000. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 10,741 shares of NVIDIA stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $200.00, for a total value of $2,148,200.00. Following the completion of the transaction, the chief financial officer now directly owns 536,960 shares of the company’s stock, valued at approximately $107,392,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, CFO Colette Kress sold 10,741 shares of NVIDIA stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $200.00, for a total value of $2,148,200.00. Following the completion of the transaction, the chief financial officer now directly owns 536,960 shares of the company’s stock, valued at approximately $107,392,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark L. Perry sold 20,000 shares of NVIDIA stock in a transaction on Monday, February 27th. The stock was sold at an average price of $236.37, for a total transaction of $4,727,400.00. Following the completion of the transaction, the director now directly owns 140,000 shares of the company’s stock, valued at $33,091,800. The disclosure for this sale can be found here. Insiders sold 293,066 shares of company stock valued at $51,229,679 in the last three months. Corporate insiders own 4.04% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $242.28 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.73 and a current ratio of 3.52. The company has a market cap of $598.43 billion, a P/E ratio of 139.24, a P/E/G ratio of 4.08 and a beta of 1.76. The firm’s fifty day moving average is $206.42 and its two-hundred day moving average is $165.60. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $289.46.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6.02 billion. NVIDIA had a net margin of 16.19% and a return on equity of 26.61%. NVIDIA’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. As a group, analysts anticipate that NVIDIA Co. will post 3.21 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.07%. NVIDIA’s dividend payout ratio is currently 9.20%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NVDA shares. Needham & Company LLC upped their price objective on shares of NVIDIA from $230.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Craig Hallum upped their price objective on shares of NVIDIA from $165.00 to $190.00 and gave the company a “hold” rating in a research note on Thursday, February 23rd. StockNews.com started coverage on shares of NVIDIA in a research note on Thursday. They set a “hold” rating for the company. BMO Capital Markets upped their price objective on shares of NVIDIA from $210.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Finally, Citigroup upped their price objective on shares of NVIDIA from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus price target of $242.14.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.