NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Stiles Financial Services Inc

Stiles Financial Services Inc cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,391 shares of the computer hardware maker’s stock after selling 912 shares during the period. NVIDIA comprises approximately 3.9% of Stiles Financial Services Inc’s portfolio, making the stock its 2nd largest holding. Stiles Financial Services Inc’s holdings in NVIDIA were worth $8,615,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of NVIDIA during the fourth quarter worth about $28,000. Peoples Financial Services CORP. acquired a new position in NVIDIA in the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP acquired a new position in NVIDIA in the third quarter valued at approximately $30,000. Quarry LP acquired a new position in NVIDIA in the first quarter valued at approximately $34,000. Finally, Compass Wealth Management LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $39,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVDA. Craig Hallum upped their price target on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. UBS Group upped their price target on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, March 22nd. DA Davidson upped 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. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 price target on shares of NVIDIA in a report on Tuesday, March 19th. Finally, Loop Capital began coverage on NVIDIA in a research note on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was 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 in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 over the last 90 days. 3.99% of the stock is currently owned by corporate insiders.

NVIDIA Trading Down 3.9 %

Shares of NVDA stock opened at $840.35 on Thursday. The business’s fifty day moving average price is $840.89 and its 200 day moving average price is $618.47. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The firm has a market capitalization of $2.10 trillion, a PE ratio of 70.38, a P/E/G ratio of 1.24 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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. 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 analysts’ expectations of $20.40 billion. During the same quarter last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, sell-side analysts forecast that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given 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 dividend payout ratio is currently 1.34%.

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.