Farther Finance Advisors LLC Sells 528,211 Shares of NVIDIA Co. (NASDAQ:NVDA)

Farther Finance Advisors LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 62.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,974 shares of the computer hardware maker’s stock after selling 528,211 shares during the period. NVIDIA accounts for approximately 1.6% of Farther Finance Advisors LLC’s holdings, making the stock its 7th largest holding. Farther Finance Advisors LLC’s holdings in NVIDIA were worth $43,372,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc bought a new position in shares of NVIDIA in the fourth quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the fourth quarter worth about $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA during the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA during the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $46,000. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVDA. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday. Citigroup dropped their price objective on NVIDIA from $163.00 to $150.00 and set a “buy” rating for the company in a report on Friday, April 11th. Susquehanna reaffirmed a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Piper Sandler dropped their price target on shares of NVIDIA from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $165.64.

NVIDIA Stock Down 6.9 %

Shares of NVIDIA stock opened at $104.49 on Thursday. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business’s 50 day simple moving average is $117.83 and its 200 day simple moving average is $130.03. The firm has a market cap of $2.55 trillion, a PE ratio of 41.12, a P/E/G ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio is 1.36%.

Insider Activity

In related news, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last quarter. Corporate insiders own 4.23% of the company’s stock.

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.