Southeast Asset Advisors LLC Sells 2,543 Shares of NVIDIA Co. (NASDAQ:NVDA)

Southeast Asset Advisors LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA) by 32.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,228 shares of the computer hardware maker’s stock after selling 2,543 shares during the period. Southeast Asset Advisors LLC’s holdings in NVIDIA were worth $702,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NVDA. Canopy Partners LLC increased its position in NVIDIA by 1.0% during the 4th quarter. Canopy Partners LLC now owns 49,792 shares of the computer hardware maker’s stock worth $6,687,000 after purchasing an additional 498 shares in the last quarter. Elgethun Capital Management boosted its position in NVIDIA by 30.2% in the fourth quarter. Elgethun Capital Management now owns 4,993 shares of the computer hardware maker’s stock valued at $671,000 after buying an additional 1,159 shares in the last quarter. U S Wealth Group LLC. bought a new stake in shares of NVIDIA during the fourth quarter worth $6,206,000. Invesco Ltd. increased its holdings in shares of NVIDIA by 7.6% during the fourth quarter. Invesco Ltd. now owns 129,889,317 shares of the computer hardware maker’s stock worth $17,442,836,000 after buying an additional 9,168,168 shares in the last quarter. Finally, Employees Retirement System of Texas lifted its stake in shares of NVIDIA by 2.2% in the 4th quarter. Employees Retirement System of Texas now owns 3,996,011 shares of the computer hardware maker’s stock valued at $536,624,000 after acquiring an additional 84,514 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $117.38 on Friday. The business’s fifty day moving average is $110.28 and its 200 day moving average is $127.55. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.86 trillion, a P/E ratio of 46.20, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. Sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NVDA shares. Seaport Res Ptn upgraded NVIDIA to a “strong sell” rating in a research report on Wednesday, April 30th. DA Davidson lowered their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Mizuho cut their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Bank of America decreased their price target on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Finally, Raymond James reiterated a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.96.

Insider Buying and Selling

In other news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by corporate insiders.

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.