Eley Financial Management Inc Trims Position in NVIDIA Co. (NASDAQ:NVDA)

Eley Financial Management Inc trimmed its position in NVIDIA Co. (NASDAQ:NVDA) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 10,038 shares of the computer hardware maker’s stock after selling 791 shares during the quarter. NVIDIA accounts for about 2.3% of Eley Financial Management Inc’s investment portfolio, making the stock its 9th largest holding. Eley Financial Management Inc’s holdings in NVIDIA were worth $4,971,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NVDA. Handelsbanken Fonder AB increased its holdings in shares of NVIDIA by 6.7% in the third quarter. Handelsbanken Fonder AB now owns 1,135,826 shares of the computer hardware maker’s stock worth $494,073,000 after purchasing an additional 70,859 shares during the last quarter. Jmac Enterprises LLC increased its holdings in shares of NVIDIA by 47.4% in the third quarter. Jmac Enterprises LLC now owns 7,207 shares of the computer hardware maker’s stock worth $3,135,000 after purchasing an additional 2,319 shares during the last quarter. Roof Eidam Maycock Peralta LLC bought a new stake in shares of NVIDIA in the third quarter worth about $1,124,000. McGlone Suttner Wealth Management Inc. increased its stake in NVIDIA by 3.4% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 2,752 shares of the computer hardware maker’s stock worth $1,198,000 after acquiring an additional 90 shares during the last quarter. Finally, Riversedge Advisors LLC raised its position in NVIDIA by 53.7% during the third quarter. Riversedge Advisors LLC now owns 1,930 shares of the computer hardware maker’s stock valued at $840,000 after purchasing an additional 674 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on 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 owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,278 shares of company stock worth $52,689,898. 3.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on NVDA shares. Sanford C. Bernstein lifted their target price on NVIDIA from $700.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $910.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Tigress Financial raised their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. DA Davidson boosted their target price on NVIDIA from $410.00 to $620.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Truist Financial increased their price target on NVIDIA from $911.00 to $1,177.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Four 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $941.55.

NVIDIA Trading Up 3.5 %

Shares of NVIDIA stock opened at $887.89 on Friday. 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 12-month low of $272.40 and a 12-month high of $974.00. The firm has a market capitalization of $2.22 trillion, a price-to-earnings ratio of 74.36, a PEG ratio of 1.19 and a beta of 1.75. The firm’s 50 day simple moving average is $865.39 and its two-hundred day simple moving average is $646.31.

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 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 prior year, the business posted $0.65 EPS. NVIDIA’s revenue for the quarter was up 265.3% compared to the same quarter last year. Analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

About NVIDIA

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.