Triumph Capital Management Sells 3,416 Shares of NVIDIA Co. (NASDAQ:NVDA)

Triumph Capital Management reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 72.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,268 shares of the computer hardware maker’s stock after selling 3,416 shares during the quarter. Triumph Capital Management’s holdings in NVIDIA were worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Moody Lynn & Lieberson LLC lifted its position in NVIDIA by 7.2% during the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock valued at $38,737,000 after purchasing an additional 5,998 shares during the period. TrueMark Investments LLC bought a new stake in shares of NVIDIA during the fourth quarter worth approximately $2,639,000. McLean Asset Management Corp lifted its holdings in NVIDIA by 11.7% in the fourth quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock valued at $871,000 after buying an additional 186 shares during the period. Cornercap Investment Counsel Inc. boosted its stake in NVIDIA by 5.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock valued at $1,931,000 after acquiring an additional 209 shares during the last quarter. Finally, Shilanski & Associates Inc. boosted its stake in NVIDIA by 15.9% in the fourth quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock valued at $1,477,000 after acquiring an additional 410 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a document filed with the SEC, which is available through this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction on Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock worth $52,689,898. Insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Evercore ISI initiated coverage on NVIDIA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price target on the stock. Sanford C. Bernstein upped their price objective on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Stifel Nicolaus restated a “buy” rating and set a $910.00 target price on shares of NVIDIA in a report on Wednesday, March 20th. Susquehanna reaffirmed a “positive” rating and issued a $1,050.00 price target on shares of NVIDIA in a research note on Thursday, April 4th. Finally, TD Cowen increased their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $944.05.

NVIDIA Stock Down 1.8 %

NVDA stock opened at $887.47 on Friday. The company has a market cap of $2.22 trillion, a price-to-earnings ratio of 74.33, a P/E/G ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a twelve month low of $280.46 and a twelve month high of $974.00. The business has a 50 day moving average price of $874.91 and a two-hundred day moving average price of $661.05. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released 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 business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the business earned $0.65 earnings per share. The firm’s revenue was up 265.3% on a year-over-year basis. Analysts anticipate that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.04 dividend. 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 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.