B.O.S.S. Retirement Advisors LLC Sells 252 Shares of NVIDIA Co. (NASDAQ:NVDA)

B.O.S.S. Retirement Advisors LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.7% during the fourth quarter, HoldingsChannel reports. The fund owned 14,776 shares of the computer hardware maker’s stock after selling 252 shares during the period. NVIDIA comprises 1.4% of B.O.S.S. Retirement Advisors LLC’s holdings, making the stock its 9th biggest position. B.O.S.S. Retirement Advisors LLC’s holdings in NVIDIA were worth $7,317,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NVDA. Norges Bank purchased a new stake in NVIDIA in the fourth quarter valued at approximately $3,900,874,000. Moneta Group Investment Advisors LLC increased its position in shares of NVIDIA by 160,446.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,586,643 shares of the computer hardware maker’s stock worth $2,862,392,000 after acquiring an additional 19,574,443 shares during the period. International Assets Investment Management LLC increased its position in shares of NVIDIA by 54,019.5% during the fourth quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after acquiring an additional 16,835,703 shares during the period. Morgan Stanley increased its position in shares of NVIDIA by 20.2% during the fourth quarter. Morgan Stanley now owns 27,533,756 shares of the computer hardware maker’s stock worth $4,023,783,000 after acquiring an additional 4,621,002 shares during the period. Finally, Barclays PLC increased its position in shares of NVIDIA by 55.7% during the second quarter. Barclays PLC now owns 7,661,032 shares of the computer hardware maker’s stock worth $3,240,769,000 after acquiring an additional 2,740,850 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Corporate insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Bank of America increased their target price on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Wedbush reissued an “outperform” rating and issued a $1,000.00 target price on shares of NVIDIA in a report on Tuesday, March 19th. Rosenblatt Securities reissued a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a report on Tuesday, February 20th. Oppenheimer increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, Wolfe Research increased their target price on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Trading Up 1.6 %

Shares of NVIDIA stock opened at $874.15 on Wednesday. NVIDIA Co. has a 12-month low of $262.25 and a 12-month high of $974.00. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.19 trillion, a PE ratio of 73.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73. The company has a 50-day moving average of $838.10 and a two-hundred day moving average of $616.90.

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

NVIDIA Dividend Announcement

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

About NVIDIA

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.