Powell Investment Advisors LLC Sells 99 Shares of NVIDIA Co. (NASDAQ:NVDA)

Powell Investment Advisors LLC reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.7% in the fourth quarter, HoldingsChannel reports. The firm owned 921 shares of the computer hardware maker’s stock after selling 99 shares during the quarter. Powell Investment Advisors LLC’s holdings in NVIDIA were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVDA. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of NVIDIA by 1.0% in 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 buying an additional 93 shares during the period. Fortune 45 LLC boosted its position in shares of NVIDIA by 3.6% in the third quarter. Fortune 45 LLC now owns 1,975 shares of the computer hardware maker’s stock worth $859,000 after purchasing an additional 69 shares during the period. Kiley Juergens Wealth Management LLC increased its stake in shares of NVIDIA by 0.7% in the third quarter. Kiley Juergens Wealth Management LLC now owns 16,260 shares of the computer hardware maker’s stock worth $7,073,000 after purchasing an additional 118 shares in the last quarter. Howland Capital Management LLC raised its position in shares of NVIDIA by 1.9% during the 3rd quarter. Howland Capital Management LLC now owns 4,679 shares of the computer hardware maker’s stock valued at $2,035,000 after purchasing an additional 88 shares during the period. Finally, Schwartz Investment Counsel Inc. lifted its stake in shares of NVIDIA by 0.8% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 80,622 shares of the computer hardware maker’s stock valued at $35,070,000 after buying an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA stock opened at $877.57 on Tuesday. The firm has a 50-day simple moving average of $857.43 and a two-hundred day simple moving average of $640.64. 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 Co. has a one year low of $272.40 and a one 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.

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 the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period last year, the firm earned $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. On average, equities analysts forecast that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Insiders Place Their Bets

In related news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $410,229.00. Following the sale, the insider now directly owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on NVDA. Jefferies Financial Group raised their price target on NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. DA Davidson boosted their price target on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of NVIDIA in a report on Tuesday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, KeyCorp lifted their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Four investment 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. Based on data from MarketBeat.com, the stock presently has an average 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.