Tiller Private Wealth Inc. Sells 42 Shares of NVIDIA Co. (NASDAQ:NVDA)

Tiller Private Wealth Inc. reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 840 shares of the computer hardware maker’s stock after selling 42 shares during the period. NVIDIA accounts for approximately 0.2% of Tiller Private Wealth Inc.’s holdings, making the stock its 28th largest holding. Tiller Private Wealth Inc.’s holdings in NVIDIA were worth $416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HT Partners LLC lifted its holdings in shares of NVIDIA by 5.9% in the third quarter. HT Partners LLC now owns 2,018 shares of the computer hardware maker’s stock valued at $878,000 after purchasing an additional 112 shares in the last quarter. Clarus Group Inc. lifted its holdings in shares of NVIDIA by 1.0% in the third quarter. Clarus Group Inc. now owns 3,910 shares of the computer hardware maker’s stock valued at $1,701,000 after purchasing an additional 40 shares in the last quarter. Everence Capital Management Inc. lifted its holdings in shares of NVIDIA by 1.0% in the third quarter. Everence Capital Management Inc. now owns 63,176 shares of the computer hardware maker’s stock valued at $27,481,000 after purchasing an additional 600 shares in the last quarter. Legacy Trust lifted its holdings in shares of NVIDIA by 2.0% in the third quarter. Legacy Trust now owns 3,964 shares of the computer hardware maker’s stock valued at $1,724,000 after purchasing an additional 76 shares in the last quarter. Finally, Community Trust & Investment Co. lifted its holdings in shares of NVIDIA by 14.2% in the third quarter. Community Trust & Investment Co. now owns 57,356 shares of the computer hardware maker’s stock valued at $24,949,000 after purchasing an additional 7,125 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly 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 can be accessed through the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly 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 can be accessed through the SEC website. Also, Director Mark A. Stevens sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock valued at $52,689,898 in the last three months. Insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 6.2 %

NASDAQ NVDA opened at $877.35 on Friday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a twelve month low of $266.25 and a twelve month high of $974.00. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.48, a price-to-earnings-growth ratio of 1.18 and a beta of 1.73. The business’s fifty day moving average is $854.40 and its 200 day moving average is $636.58.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share 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 business posted $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, sell-side analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. HSBC lifted their target price on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group lifted their target price on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Raymond James lifted their target price 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. Stifel Nicolaus reaffirmed a “buy” rating and issued a $910.00 target price on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.