American Money Management LLC Has $3.52 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

American Money Management LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,190 shares of the computer hardware maker’s stock after selling 258 shares during the quarter. American Money Management LLC’s holdings in NVIDIA were worth $3,517,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NVDA. SOA Wealth Advisors LLC. boosted its position in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB increased its position in NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after purchasing an additional 1,868,358 shares during the period. Principal Financial Group Inc. raised its position in shares of NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock worth $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter. Seelaus Asset Management LLC lifted its position in shares of NVIDIA by 4.1% during the 3rd quarter. Seelaus Asset Management LLC now owns 9,985 shares of the computer hardware maker’s stock valued at $1,213,000 after acquiring an additional 395 shares during the period. Finally, Meridian Investment Counsel Inc. grew its stake in NVIDIA by 0.9% in the third quarter. Meridian Investment Counsel Inc. now owns 17,615 shares of the computer hardware maker’s stock valued at $2,139,000 after acquiring an additional 160 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $111.61 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1 year low of $83.20 and a 1 year high of $195.95. The firm has a fifty day moving average price of $111.09 and a 200-day moving average price of $128.31. The stock has a market cap of $2.72 trillion, a PE ratio of 43.92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

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

NVIDIA Announces Dividend

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

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company’s stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were 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 in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NVDA shares. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. Seaport Res Ptn raised NVIDIA to a “strong sell” rating in a report on Wednesday. Mizuho lowered their price objective on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday, March 14th. TD Cowen cut their target price on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.96.

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.