NVIDIA Co. (NASDAQ:NVDA) Position Decreased by RB Capital Management LLC

RB Capital Management LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,179 shares of the computer hardware maker’s stock after selling 187 shares during the quarter. NVIDIA comprises approximately 2.0% of RB Capital Management LLC’s holdings, making the stock its 9th biggest position. RB Capital Management LLC’s holdings in NVIDIA were worth $7,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in NVDA. Cornerstone Wealth Advisors Inc. lifted its position in shares of NVIDIA by 25.9% during the 3rd quarter. Cornerstone Wealth Advisors Inc. now owns 831 shares of the computer hardware maker’s stock valued at $361,000 after buying an additional 171 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in NVIDIA by 0.4% during the third quarter. Maryland State Retirement & Pension System now owns 182,728 shares of the computer hardware maker’s stock valued at $79,485,000 after purchasing an additional 794 shares during the last quarter. Curated Wealth Partners LLC boosted its position in NVIDIA by 48.7% during the third quarter. Curated Wealth Partners LLC now owns 3,316 shares of the computer hardware maker’s stock worth $1,442,000 after purchasing an additional 1,086 shares during the period. Signature Wealth Management Partners LLC increased its stake in shares of NVIDIA by 21.4% in the third quarter. Signature Wealth Management Partners LLC now owns 873 shares of the computer hardware maker’s stock worth $380,000 after purchasing an additional 154 shares in the last quarter. Finally, Birchcreek Wealth Management LLC raised its position in shares of NVIDIA by 1.4% in the third quarter. Birchcreek Wealth Management LLC now owns 3,904 shares of the computer hardware maker’s stock valued at $1,698,000 after purchasing an additional 55 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NVDA shares. Mizuho lifted their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Wells Fargo & Company raised their price target on NVIDIA from $840.00 to $970.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. raised their price target on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Morgan Stanley raised their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Finally, Tigress Financial raised their price target on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Four 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. Based on data from MarketBeat.com, NVIDIA has an average rating of “Moderate Buy” and an average target price of $944.05.

Insider Activity

In other news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 128 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The disclosure for this sale can be found here. Insiders sold a total of 61,278 shares of company stock worth $52,689,898 in the last quarter. 3.99% of the stock is owned by company insiders.

NVIDIA Stock Down 1.8 %

Shares of NASDAQ:NVDA opened at $887.47 on Friday. NVIDIA Co. has a 1 year low of $280.46 and a 1 year high of $974.00. The company has a market cap of $2.22 trillion, a PE ratio of 74.33, a P/E/G ratio of 1.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The stock’s 50-day moving average is $874.91 and its 200 day moving average is $661.05.

NVIDIA (NASDAQ:NVDA) last announced 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 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 in the previous year, the business earned $0.65 EPS. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

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.