Aspire Capital Advisors LLC Sells 565 Shares of NVIDIA Co. (NASDAQ:NVDA)

Aspire Capital Advisors LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 41.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 783 shares of the computer hardware maker’s stock after selling 565 shares during the period. Aspire Capital Advisors LLC’s holdings in NVIDIA were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of NVDA. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA in the fourth quarter valued at about $28,000. Peoples Financial Services CORP. bought a new stake in NVIDIA in the third quarter valued at about $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA in the third quarter valued at about $30,000. Quarry LP bought a new stake in NVIDIA in the first quarter valued at about $34,000. Finally, Compass Wealth Management LLC bought a new stake in NVIDIA in the fourth quarter valued at about $39,000. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NVDA has been the topic of a number of analyst reports. 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. TD Cowen upped their price objective on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. UBS Group upped their price objective on shares of NVIDIA from $800.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $910.00 price objective on shares of NVIDIA in a research note on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total transaction of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders have sold a total of 61,278 shares of company stock valued at $52,689,898 over the last 90 days. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $762.00 on Friday. 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 twelve month low of $262.25 and a twelve month high of $974.00. The firm’s 50 day moving average price is $844.71 and its two-hundred day moving average price is $622.23. The firm has a market cap of $1.91 trillion, a P/E ratio of 63.82, a PEG ratio of 1.22 and a beta of 1.73.

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 net margin of 48.85% and a return on equity of 93.61%. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was up 265.3% on a year-over-year basis. On average, analysts forecast that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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