Benin Management CORP Has $610,000 Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Benin Management CORP trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 23.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,231 shares of the computer hardware maker’s stock after selling 369 shares during the period. Benin Management CORP’s holdings in NVIDIA were worth $610,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NVDA. Campbell Newman Asset Management Inc. lifted its stake in NVIDIA by 0.6% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock worth $1,481,000 after purchasing an additional 18 shares during the last quarter. Aprio Wealth Management LLC lifted its stake in NVIDIA by 1.8% during the fourth quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock worth $523,000 after purchasing an additional 19 shares during the last quarter. Palumbo Wealth Management LLC lifted its stake in NVIDIA by 0.7% during the fourth quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock worth $1,395,000 after purchasing an additional 19 shares during the last quarter. Corundum Group Inc. lifted its stake in NVIDIA by 0.8% during the fourth quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker’s stock worth $1,179,000 after purchasing an additional 19 shares during the last quarter. Finally, North Star Investment Management Corp. lifted its stake in shares of NVIDIA by 0.3% in the 4th quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock valued at $3,463,000 after acquiring an additional 20 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 2.5 %

Shares of NVIDIA stock opened at $860.01 on Tuesday. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 72.03, a PEG ratio of 1.27 and a beta of 1.73. The business has a 50-day moving average price of $834.27 and a 200-day moving average price of $613.81. 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 Co. has a twelve month low of $262.25 and a twelve month high of $974.00.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s quarterly revenue was up 265.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Equities research analysts anticipate that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. JPMorgan Chase & Co. boosted their target price on NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Rosenblatt Securities restated a “buy” rating and set a $1,100.00 price target on shares of NVIDIA in a report on Tuesday, February 20th. DA Davidson boosted their price target on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, Sanford C. Bernstein boosted their price target on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $926.30.

NVIDIA 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.