GHP Investment Advisors Inc. Sells 193 Shares of NVIDIA Co. (NASDAQ:NVDA)

GHP Investment Advisors Inc. decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 20.0% during the fourth quarter, HoldingsChannel reports. The firm owned 774 shares of the computer hardware maker’s stock after selling 193 shares during the quarter. GHP Investment Advisors Inc.’s holdings in NVIDIA were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA in the fourth quarter worth $28,000. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA in the third quarter worth $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA in the third quarter worth $30,000. Quarry LP acquired a new stake in shares of NVIDIA in the first quarter worth $34,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of NVIDIA in the fourth quarter worth $39,000. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of several research analyst reports. HSBC raised their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Evercore ISI started coverage on shares of NVIDIA in a research note on Tuesday. They set an “outperform” rating and a $1,160.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Loop Capital started coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target on the stock. Finally, DA Davidson lifted their price target on shares of NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Four 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

Insider Buying and Selling

In related news, 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 transaction of $19,975,319.00. Following the completion of the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Mark A. Stevens sold 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the completion of the transaction, the director now directly owns 1,074,833 shares of the company’s stock, valued at approximately $973,422,506.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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. In the last three months, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $846.71 on Friday. The company has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 70.91, a P/E/G ratio of 1.26 and a beta of 1.73. The firm’s 50 day simple moving average is $843.90 and its 200 day simple moving average is $620.05. 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 Co. has a fifty-two week low of $262.25 and a fifty-two week high of $974.00.

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. The business had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. During the same period last year, the company posted $0.65 EPS. NVIDIA’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 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.