S. R. Schill & Associates Trims Holdings in NVIDIA Co. (NASDAQ:NVDA)

S. R. Schill & Associates decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 18.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,815 shares of the computer hardware maker’s stock after selling 654 shares during the quarter. NVIDIA makes up 0.6% of S. R. Schill & Associates’ holdings, making the stock its 24th largest holding. S. R. Schill & Associates’ holdings in NVIDIA were worth $1,394,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in NVDA. Moody Lynn & Lieberson LLC grew its holdings in NVIDIA by 7.2% in the third quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares during the period. TrueMark Investments LLC purchased a new stake in NVIDIA in the fourth quarter valued at $2,639,000. McLean Asset Management Corp raised its position in NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after purchasing an additional 186 shares during the period. Shilanski & Associates Inc. raised its holdings in shares of NVIDIA by 15.9% in the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after buying an additional 410 shares during the period. Finally, WealthPLAN Partners LLC raised its holdings in shares of NVIDIA by 14.3% in the 4th quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock valued at $3,931,000 after buying an additional 996 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho upped their price target on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Cantor Fitzgerald restated an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a research note on Monday, March 4th. Piper Sandler Companies raised their price target on NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Tigress Financial lifted their target price on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, CICC Research began coverage on NVIDIA in a research note on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 target price on the stock. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $940.30.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 2,055 shares in the company, valued at $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock worth $52,689,898 over the last quarter. 3.99% of the stock is owned by corporate insiders.

NVIDIA Trading Up 4.4 %

NASDAQ:NVDA opened at $795.18 on Tuesday. 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 one year low of $262.25 and a one year high of $974.00. The business’s 50-day simple moving average is $846.17 and its 200 day simple moving average is $627.28. The stock has a market cap of $1.99 trillion, a price-to-earnings ratio of 66.60, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $20.40 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 265.3% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s 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.