NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Delta Capital Management LLC

Delta Capital Management LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,540 shares of the computer hardware maker’s stock after selling 40 shares during the period. Delta Capital Management LLC’s holdings in NVIDIA were worth $1,258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Campbell Newman Asset Management Inc. grew its holdings 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 acquiring an additional 18 shares during the period. Aprio Wealth Management LLC boosted its position 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 in the last quarter. Palumbo Wealth Management LLC boosted its position 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 in the last quarter. Corundum Group Inc. boosted its position 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 in the last quarter. Finally, North Star Investment Management Corp. boosted its position in NVIDIA by 0.3% during the fourth quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock worth $3,463,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NVDA stock opened at $874.15 on Wednesday. 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 Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The firm has a market cap of $2.19 trillion, a P/E ratio of 73.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.73. The stock has a 50-day simple moving average of $838.10 and a 200-day simple moving average of $616.90.

NVIDIA (NASDAQ:NVDA) last posted 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 return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. On average, equities analysts predict that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date of this dividend 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 currently 1.34%.

Insider Activity

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

Analyst Ratings Changes

NVDA has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. HSBC boosted their target price on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Sanford C. Bernstein upped their price objective on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company upped their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Finally, Piper Sandler upped their price objective on NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Company 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.