Oppenheimer Asset Management Inc. Sells 11,128 Shares of NVIDIA Co. (NASDAQ:NVDA)

Oppenheimer Asset Management Inc. reduced its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,949 shares of the computer hardware maker’s stock after selling 11,128 shares during the quarter. NVIDIA accounts for approximately 0.9% of Oppenheimer Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding. Oppenheimer Asset Management Inc.’s holdings in NVIDIA were worth $61,746,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NVDA. Peoples Financial Services CORP. purchased a new stake in shares of NVIDIA during the third quarter worth about $30,000. Your Advocates Ltd. LLP purchased a new stake in shares of NVIDIA during the third quarter worth about $30,000. Marquette Asset Management LLC purchased a new stake in shares of NVIDIA during the second quarter worth about $34,000. Quarry LP purchased a new stake in shares of NVIDIA during the first quarter worth about $34,000. Finally, Compass Wealth Management LLC purchased a new stake in NVIDIA in the fourth quarter valued at approximately $39,000. 64.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent research reports. Tigress Financial upped their target price on NVIDIA from $560.00 to $790.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Sanford C. Bernstein boosted their price target on NVIDIA from $675.00 to $700.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. Citigroup decreased their price target on NVIDIA from $630.00 to $575.00 and set a “buy” rating for the company in a report on Wednesday, October 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $775.00 price target on shares of NVIDIA in a report on Monday, January 29th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $600.00 price target on shares of NVIDIA in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.35.

View Our Latest Stock Analysis on NVIDIA

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the transaction, the director now owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 36,000 shares of NVIDIA stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $546.95, for a total value of $19,690,200.00. Following the transaction, the director now directly owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 35,648 shares of NVIDIA stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $542.93, for a total value of $19,354,368.64. Following the completion of the transaction, the director now owns 1,189,083 shares in the company, valued at $645,588,833.19. The disclosure for this sale can be found here. Insiders have sold 155,216 shares of company stock worth $79,810,950 in the last quarter. 3.99% of the stock is owned by insiders.

NVIDIA Price Performance

NVDA stock opened at $721.33 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.59 and a quick ratio of 3.06. The firm has a market capitalization of $1.78 trillion, a P/E ratio of 95.16, a P/E/G ratio of 2.89 and a beta of 1.69. The business’s 50-day moving average is $545.55 and its two-hundred day moving average is $485.68. NVIDIA Co. has a 1 year low of $204.21 and a 1 year high of $721.85.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, topping the consensus estimate of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The business had revenue of $18.12 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same quarter last year, the company earned $0.34 EPS. The business’s quarterly revenue was up 205.5% on a year-over-year basis. Analysts anticipate that NVIDIA Co. will post 11.09 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 2.11%.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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