NVIDIA Co. (NASDAQ:NVDA) Position Cut by Telos Capital Management Inc.

Telos Capital Management Inc. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,228 shares of the computer hardware maker’s stock after selling 224 shares during the quarter. Telos Capital Management Inc.’s holdings in NVIDIA were worth $2,094,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LexAurum Advisors LLC boosted its stake in NVIDIA by 82.3% during the 3rd quarter. LexAurum Advisors LLC now owns 4,441 shares of the computer hardware maker’s stock valued at $1,932,000 after purchasing an additional 2,005 shares in the last quarter. LMG Wealth Partners LLC bought a new position in NVIDIA during the 3rd quarter valued at $241,000. Armstrong Henry H Associates Inc. boosted its stake in NVIDIA by 12.2% during the 3rd quarter. Armstrong Henry H Associates Inc. now owns 1,375 shares of the computer hardware maker’s stock valued at $598,000 after purchasing an additional 150 shares in the last quarter. Epic Trust Investment Advisors LLC boosted its stake in NVIDIA by 28.8% during the 3rd quarter. Epic Trust Investment Advisors LLC now owns 1,536 shares of the computer hardware maker’s stock valued at $668,000 after purchasing an additional 343 shares in the last quarter. Finally, First Affirmative Financial Network boosted its stake in NVIDIA by 15.9% during the 3rd quarter. First Affirmative Financial Network now owns 3,839 shares of the computer hardware maker’s stock valued at $1,670,000 after purchasing an additional 527 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. CICC Research initiated coverage on NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target for the company. Citigroup raised their price objective on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Needham & Company LLC raised their price objective on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. DA Davidson raised their price objective on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, Raymond James raised their price objective on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 11th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $940.30.

NVIDIA Trading Up 6.2 %

Shares of NASDAQ:NVDA opened at $877.35 on Friday. The company has a market cap of $2.19 trillion, a P/E ratio of 73.48, a P/E/G ratio of 1.14 and a beta of 1.73. The stock’s 50-day moving average is $854.40 and its 200-day moving average is $635.34. NVIDIA Co. has a 52-week low of $266.25 and a 52-week high of $974.00. 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 issued its quarterly 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 for the quarter, compared to the consensus estimate of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue was up 265.3% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Equities research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Activity

In related news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by insiders.

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.