NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,101 shares of the computer hardware maker’s stock after selling 1,540 shares during the period. NVIDIA comprises about 3.6% of Nicollet Investment Management Inc.’s investment portfolio, making the stock its 7th biggest position. Nicollet Investment Management Inc.’s holdings in NVIDIA were worth $10,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tacita Capital Inc bought a new stake in NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the fourth quarter valued at about $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in NVIDIA during the fourth quarter valued at approximately $46,000. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on NVDA shares. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a research report on Friday, April 25th. Benchmark reissued a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Seaport Res Ptn raised shares of NVIDIA to a “strong sell” rating in a report on Wednesday. Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Citigroup reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $164.96.

NVIDIA Price Performance

Shares of NVDA opened at $114.50 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 stock has a market cap of $2.79 trillion, a P/E ratio of 45.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The stock’s 50-day moving average price is $110.85 and its two-hundred day moving average price is $128.14. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for 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%. On average, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s payout ratio is presently 1.36%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred 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 transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company’s stock.

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.