Aldebaran Financial Inc. Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

Aldebaran Financial Inc. trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,220 shares of the computer hardware maker’s stock after selling 77 shares during the period. NVIDIA comprises 1.7% of Aldebaran Financial Inc.’s investment portfolio, making the stock its 16th largest position. Aldebaran Financial Inc.’s holdings in NVIDIA were worth $1,099,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Lodestar Private Asset Management LLC grew its stake in NVIDIA by 1.0% in the fourth quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock worth $818,000 after purchasing an additional 17 shares in the last quarter. Campbell Newman Asset Management Inc. grew its position in shares of NVIDIA by 0.6% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock worth $1,481,000 after acquiring an additional 18 shares in the last quarter. Kraft Davis & Associates LLC increased its holdings in shares of NVIDIA by 0.6% in the 4th quarter. Kraft Davis & Associates LLC now owns 3,048 shares of the computer hardware maker’s stock valued at $1,509,000 after acquiring an additional 18 shares during the last quarter. Aprio Wealth Management LLC raised its position in shares of NVIDIA by 1.8% during the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after acquiring an additional 19 shares in the last quarter. Finally, Palumbo Wealth Management LLC raised its position in shares of NVIDIA by 0.7% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock valued at $1,395,000 after acquiring an additional 19 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

NASDAQ NVDA opened at $877.57 on Tuesday. 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 1 year low of $272.40 and a 1 year high of $974.00. The company has a market cap of $2.19 trillion, a PE ratio of 73.50, a PEG ratio of 1.26 and a beta of 1.73. The stock’s 50-day moving average price is $857.43 and its two-hundred day moving average price is $640.64.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s revenue was up 265.3% compared to the same quarter last year. On average, analysts predict that NVIDIA Co. will post 22.55 EPS 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 issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio is 1.34%.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the company’s 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 transaction, the director now owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. 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. Company insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the subject of several recent research reports. TD Cowen boosted their target price on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Piper Sandler Companies increased their price objective on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. 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 note on Thursday, April 11th. HSBC increased their price target on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Morgan Stanley boosted their price objective on NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and a consensus 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.