NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Doheny Asset Management CA

Doheny Asset Management CA lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 2.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,410 shares of the computer hardware maker’s stock after selling 1,955 shares during the period. NVIDIA accounts for approximately 9.5% of Doheny Asset Management CA’s portfolio, making the stock its 2nd largest position. Doheny Asset Management CA’s holdings in NVIDIA were worth $12,678,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Tacita Capital Inc bought a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA during the fourth quarter worth $34,000. Vision Financial Markets LLC acquired a new stake in NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at about $46,000. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Down 3.0 %

Shares of NASDAQ NVDA opened at $101.33 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $116.56 and a 200-day moving average of $129.86. The firm has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12 month low of $76.40 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given 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 yield of 0.04%. NVIDIA’s payout ratio is 1.36%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last 90 days. Corporate insiders own 4.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NVDA shares. Mizuho decreased their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Truist Financial increased their target price on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Rosenblatt Securities cut their target price on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Susquehanna restated a “positive” rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, NVIDIA currently has an average rating of “Moderate Buy” and an average target price of $165.51.

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.