Goodman Advisory Group LLC Reduces Position in NVIDIA Co. (NASDAQ:NVDA)

Goodman Advisory Group LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,886 shares of the computer hardware maker’s stock after selling 173 shares during the period. Goodman Advisory Group LLC’s holdings in NVIDIA were worth $1,429,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Benchmark Financial Wealth Advisors LLC grew its position in NVIDIA by 1.8% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 6,623 shares of the computer hardware maker’s stock worth $2,881,000 after buying an additional 117 shares in the last quarter. Summit Global Investments lifted its holdings in shares of NVIDIA by 22.7% during the 3rd quarter. Summit Global Investments now owns 22,794 shares of the computer hardware maker’s stock worth $9,915,000 after acquiring an additional 4,216 shares during the last quarter. Sunflower Bank N.A. grew its position in NVIDIA by 2.9% in the third quarter. Sunflower Bank N.A. now owns 2,169 shares of the computer hardware maker’s stock worth $943,000 after acquiring an additional 62 shares in the last quarter. Hengehold Capital Management LLC increased its stake in NVIDIA by 2.3% in the third quarter. Hengehold Capital Management LLC now owns 3,083 shares of the computer hardware maker’s stock valued at $1,341,000 after acquiring an additional 68 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in NVIDIA by 11.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 2,162 shares of the computer hardware maker’s stock valued at $989,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction dated 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 in the company, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction that occurred 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 completion of the sale, the director now owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the 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 transaction, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 over the last quarter. 3.99% of the stock is currently owned by insiders.

NVIDIA Stock Up 3.7 %

Shares of NASDAQ:NVDA opened at $826.32 on Friday. NVIDIA Co. has a 12-month low of $266.25 and a 12-month high of $974.00. The stock has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 69.21, a PEG ratio of 1.14 and a beta of 1.73. The stock has a fifty day simple moving average of $851.37 and a two-hundred day simple moving average of $632.39. 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 (NASDAQ:NVDA) last announced its quarterly earnings data 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 company 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%. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. On average, research analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced 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. 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 is 1.34%.

Analyst Ratings Changes

NVDA has been the topic of several recent research reports. Needham & Company LLC increased their price objective on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Evercore ISI began coverage on shares of NVIDIA in a research note on Tuesday, April 16th. They set an “outperform” rating and a $1,160.00 price target on the stock. HSBC upped their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20th. Finally, Citigroup upped their price target on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.