West Oak Capital LLC Decreases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

West Oak Capital LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 22.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,887 shares of the computer hardware maker’s stock after selling 3,188 shares during the quarter. NVIDIA makes up 2.8% of West Oak Capital LLC’s portfolio, making the stock its 2nd largest position. West Oak Capital LLC’s holdings in NVIDIA were worth $5,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moody Lynn & Lieberson LLC raised its stake in shares of NVIDIA by 7.2% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares during the period. TrueMark Investments LLC purchased a new position in NVIDIA during the fourth quarter worth about $2,639,000. McLean Asset Management Corp grew its position in NVIDIA by 11.7% during the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after buying an additional 186 shares in the last quarter. Shilanski & Associates Inc. grew its position in NVIDIA by 15.9% during the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after buying an additional 410 shares in the last quarter. Finally, WealthPLAN Partners LLC grew its position in NVIDIA by 14.3% during the fourth quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock worth $3,931,000 after buying an additional 996 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Up 0.1 %

Shares of NASDAQ:NVDA opened at $903.56 on Friday. NVIDIA Co. has a 52-week low of $262.20 and a 52-week high of $974.00. The firm has a market capitalization of $2.26 trillion, a P/E ratio of 75.68, a P/E/G ratio of 1.30 and a beta of 1.73. The stock has a 50 day moving average price of $778.63 and a 200-day moving average price of $577.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDAGet Free Report) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The business’s revenue was up 265.3% compared to the same quarter last year. As a group, equities research analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. NVIDIA’s payout ratio is currently 1.34%.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 35,648 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $542.93, for a total value of $19,354,368.64. Following the sale, the director now owns 1,189,083 shares in the company, valued at approximately $645,588,833.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 35,648 shares of the stock in a transaction 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 sale, 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 105,352 shares of company stock worth $64,853,077 in the last 90 days. Insiders own 3.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NVDA shares. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 target price on shares of NVIDIA in a research report on Tuesday, February 20th. Susquehanna upped their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock a “positive” rating in a report on Tuesday, March 19th. Mizuho upped their price objective on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Wells Fargo & Company upped their price objective on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Bank of America upped their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $908.68.

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About NVIDIA

(Free Report)

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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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