Donaldson Capital Management LLC Sells 316 Shares of NVIDIA Co. (NASDAQ:NVDA)

Donaldson Capital Management LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,626 shares of the computer hardware maker’s stock after selling 316 shares during the quarter. Donaldson Capital Management LLC’s holdings in NVIDIA were worth $2,291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NVDA. Vanguard Group Inc. boosted its stake in NVIDIA by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 203,680,199 shares of the computer hardware maker’s stock worth $88,598,850,000 after purchasing an additional 2,287,471 shares during the period. Northern Trust Corp boosted its stake in NVIDIA by 3.6% in the 3rd quarter. Northern Trust Corp now owns 26,311,434 shares of the computer hardware maker’s stock worth $11,445,211,000 after purchasing an additional 910,009 shares during the period. International Assets Investment Management LLC boosted its stake in NVIDIA by 54,019.5% in the 4th quarter. International Assets Investment Management LLC now owns 16,866,869 shares of the computer hardware maker’s stock worth $8,352,811,000 after purchasing an additional 16,835,703 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in NVIDIA by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,197,744 shares of the computer hardware maker’s stock worth $5,740,887,000 after purchasing an additional 77,089 shares during the period. Finally, Wellington Management Group LLP boosted its stake in NVIDIA by 2.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,544,759 shares of the computer hardware maker’s stock worth $4,586,865,000 after purchasing an additional 209,085 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, 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. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NVDA shares. Mizuho upped their price target on NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Wells Fargo & Company upped their price objective on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Piper Sandler upped their price objective on NVIDIA from $850.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. KeyCorp upped their price objective on NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, Jefferies Financial Group upped their price objective on NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given 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 an average price target of $940.30.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $824.23 on Wednesday. The firm has a market cap 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 current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00. The stock’s fifty day moving average price is $848.22 and its 200-day moving average price is $629.87.

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. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. On average, equities research analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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