PayPay Securities Corp Cuts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

PayPay Securities Corp lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 27.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 127 shares of the computer hardware maker’s stock after selling 49 shares during the period. NVIDIA makes up approximately 3.1% of PayPay Securities Corp’s holdings, making the stock its 7th biggest holding. PayPay Securities Corp’s holdings in NVIDIA were worth $63,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Benchmark Financial Wealth Advisors LLC grew its position in shares of NVIDIA by 1.8% during the 3rd 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 boosted its position in NVIDIA by 22.7% during the third quarter. Summit Global Investments now owns 22,794 shares of the computer hardware maker’s stock valued at $9,915,000 after purchasing an additional 4,216 shares in the last quarter. Sunflower Bank N.A. boosted its position in NVIDIA by 2.9% during the third quarter. Sunflower Bank N.A. now owns 2,169 shares of the computer hardware maker’s stock valued at $943,000 after purchasing an additional 62 shares in the last quarter. Hengehold Capital Management LLC boosted its position in NVIDIA by 2.3% during 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 purchasing an additional 68 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted 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 Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. 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 in the last quarter. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 3.7 %

NVIDIA stock opened at $826.32 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. 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 PE ratio of 69.21, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. The business has a 50 day simple moving average of $851.37 and a 200-day simple moving average of $632.39.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. On average, analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on NVIDIA from $875.00 to $1,000.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Raymond James raised their price objective on NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 11th. Jefferies Financial Group increased their price target on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, HSBC increased their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Company 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.