Bullseye Investment Management LLC Sells 1,046 Shares of NVIDIA Co. (NASDAQ:NVDA)

Bullseye Investment Management LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 22.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,606 shares of the computer hardware maker’s stock after selling 1,046 shares during the period. Bullseye Investment Management LLC’s holdings in NVIDIA were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NVDA. DiNuzzo Private Wealth Inc. increased its position in NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after purchasing an additional 71 shares during the period. Palisade Asset Management LLC increased its holdings in NVIDIA by 0.5% during the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock valued at $1,866,000 after buying an additional 75 shares during the period. Baker Boyer National Bank raised its stake in NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock worth $323,000 after buying an additional 76 shares in the last quarter. Kwmg LLC lifted its holdings in NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock worth $1,755,000 after buying an additional 77 shares during the period. Finally, SC&H Financial Advisors Inc. boosted its position in NVIDIA by 1.6% during the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after acquiring an additional 80 shares in the last quarter. 65.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on NVDA. Citigroup reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Raymond James reissued a “strong-buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. Seaport Res Ptn upgraded shares of NVIDIA to a “strong sell” rating in a research note on Wednesday. Finally, Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.96.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. Insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 2.6 %

Shares of NASDAQ NVDA opened at $114.50 on Friday. The company has a market capitalization of $2.79 trillion, a P/E ratio of 45.06, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a 50 day simple moving average of $110.85 and a 200-day simple moving average of $128.19. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

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

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

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.