TFB Advisors LLC Sells 814 Shares of NVIDIA Co. (NASDAQ:NVDA)

TFB Advisors LLC decreased its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,956 shares of the computer hardware maker’s stock after selling 814 shares during the quarter. NVIDIA comprises 1.3% of TFB Advisors LLC’s investment portfolio, making the stock its 20th largest holding. TFB Advisors LLC’s holdings in NVIDIA were worth $2,455,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NVDA. Peoples Financial Services CORP. bought a new stake in NVIDIA during the third quarter worth approximately $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA during the third quarter worth approximately $30,000. Quarry LP bought a new stake in NVIDIA during the first quarter worth approximately $34,000. Compass Wealth Management LLC bought a new stake in NVIDIA during the fourth quarter worth approximately $39,000. Finally, Trivant Custom Portfolio Group LLC boosted its position in NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NVDA shares. Raymond James upped their target price on NVIDIA from $600.00 to $700.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. Bank of America upped their price target on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Argus upped their price target on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Wolfe Research upped their price target on NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, Loop Capital assumed coverage on NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target for the company. Four analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $908.68.

Check Out Our Latest Stock Analysis on NVIDIA

NVIDIA Price Performance

NVIDIA stock opened at $894.52 on Wednesday. The business’s 50-day simple moving average is $784.77 and its 200 day simple moving average is $582.07. The stock has a market cap of $2.24 trillion, a price-to-earnings ratio of 74.92, a P/E/G ratio of 1.30 and a beta of 1.73. NVIDIA Co. has a 12-month low of $262.20 and a 12-month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter last year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 265.3% compared to the same quarter last year. As a group, research analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director John Dabiri sold 128 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 35,648 shares of the firm’s stock in a transaction dated 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 directly owns 1,189,083 shares in the company, valued at approximately $645,588,833.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,352 shares of company stock valued at $74,815,227. 3.99% of the stock is currently owned by company insiders.

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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