NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Leeward Financial Partners LLC

Leeward Financial Partners LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,337 shares of the computer hardware maker’s stock after selling 1,056 shares during the period. NVIDIA accounts for about 2.2% of Leeward Financial Partners LLC’s holdings, making the stock its 12th biggest holding. Leeward Financial Partners LLC’s holdings in NVIDIA were worth $6,223,000 at the end of the most recent reporting period.

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

NVIDIA Trading Down 0.6 %

NASDAQ NVDA opened at $113.82 on Tuesday. The company has a 50-day moving average of $110.50 and a 200-day moving average of $127.91. 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 12 month low of $86.62 and a 12 month high of $195.95. The company has a market cap of $2.78 trillion, a P/E ratio of 44.79, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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. As a group, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insiders Place Their Bets

In other news, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was 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 over the last three months. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVDA. Rosenblatt Securities lowered their price objective on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. HSBC downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. Citigroup restated a “buy” rating on shares of NVIDIA in a research report on Wednesday, April 16th. Bank of America dropped their target price on NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Finally, Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.