Crescent Grove Advisors LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

Crescent Grove Advisors LLC trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,180 shares of the computer hardware maker’s stock after selling 22 shares during the quarter. Crescent Grove Advisors LLC’s holdings in NVIDIA were worth $1,575,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Members Trust Co grew its stake in NVIDIA by 2.9% during the fourth quarter. Members Trust Co now owns 901 shares of the computer hardware maker’s stock worth $446,000 after buying an additional 25 shares during the period. RFG Holdings Inc. lifted its position in shares of NVIDIA by 39.5% during the fourth quarter. RFG Holdings Inc. now owns 1,084 shares of the computer hardware maker’s stock worth $537,000 after purchasing an additional 307 shares in the last quarter. Flputnam Investment Management Co. lifted its position in shares of NVIDIA by 126.6% during the fourth quarter. Flputnam Investment Management Co. now owns 39,949 shares of the computer hardware maker’s stock worth $19,784,000 after purchasing an additional 22,317 shares in the last quarter. Capital Analysts LLC raised its holdings in NVIDIA by 6.0% in the fourth quarter. Capital Analysts LLC now owns 6,108 shares of the computer hardware maker’s stock valued at $3,025,000 after acquiring an additional 346 shares in the last quarter. Finally, Private Client Services LLC acquired a new stake in NVIDIA in the fourth quarter valued at $651,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other 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 value 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 $925,845,476.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 128 shares of NVIDIA 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 sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The disclosure for this sale can be found here. Over 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 company insiders.

NVIDIA Trading Up 3.7 %

NASDAQ:NVDA opened at $824.23 on Wednesday. The stock’s 50 day moving average price is $848.22 and its 200 day moving average price is $629.87. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00. The company has a market capitalization of $2.06 trillion, a P/E ratio of 69.03, a P/E/G ratio of 1.09 and a beta of 1.73. 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 (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating 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 company had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the company posted $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, research analysts forecast that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Cantor Fitzgerald restated an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Wells Fargo & Company increased their target price on shares of NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Finally, Tigress Financial upped their price target on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Four research 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 stock. According to MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

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.