NVIDIA Co. (NASDAQ:NVDA) Position Decreased by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 42.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,780 shares of the computer hardware maker’s stock after selling 27,668 shares during the quarter. NVIDIA accounts for approximately 1.5% of Sigma Planning Corp’s portfolio, making the stock its 8th largest position. Sigma Planning Corp’s holdings in NVIDIA were worth $18,709,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in NVIDIA by 1.0% during the third quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 9,270 shares of the computer hardware maker’s stock worth $4,032,000 after purchasing an additional 93 shares during the last quarter. Fortune 45 LLC raised its holdings in shares of NVIDIA by 3.6% during the 3rd quarter. Fortune 45 LLC now owns 1,975 shares of the computer hardware maker’s stock valued at $859,000 after buying an additional 69 shares in the last quarter. Kiley Juergens Wealth Management LLC lifted its position in NVIDIA by 0.7% in the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 16,260 shares of the computer hardware maker’s stock worth $7,073,000 after buying an additional 118 shares during the last quarter. Howland Capital Management LLC boosted its stake in NVIDIA by 1.9% in the third quarter. Howland Capital Management LLC now owns 4,679 shares of the computer hardware maker’s stock worth $2,035,000 after buying an additional 88 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. grew its position in NVIDIA by 0.8% during the third quarter. Schwartz Investment Counsel Inc. now owns 80,622 shares of the computer hardware maker’s stock valued at $35,070,000 after acquiring an additional 622 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Bank of America lifted their price objective on NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. HSBC increased their target price on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a report on Monday, March 18th. The Goldman Sachs Group lifted their price target on NVIDIA from $875.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, Piper Sandler Companies boosted their price objective on NVIDIA to $850.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Four 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $940.30.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction dated 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 owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the completion of the transaction, the director now owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Up 0.0 %

Shares of NVIDIA stock opened at $877.57 on Tuesday. NVIDIA Co. has a 1 year low of $272.40 and a 1 year high of $974.00. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.50, a PEG ratio of 1.26 and a beta of 1.73. The company has a 50-day moving average of $857.43 and a 200 day moving average of $640.64. 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 (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share 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 during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, sell-side analysts anticipate that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.04 dividend. 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 (DPR) is 1.34%.

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.