Swisher Financial Concepts Inc. Has $517,000 Position in NVIDIA Co. (NASDAQ:NVDA)

Swisher Financial Concepts Inc. trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 22.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,851 shares of the computer hardware maker’s stock after selling 1,133 shares during the quarter. Swisher Financial Concepts Inc.’s holdings in NVIDIA were worth $517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in shares of NVIDIA by 0.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,551,227 shares of the computer hardware maker’s stock worth $477,000,000 after acquiring an additional 23,156 shares during the last quarter. Canopy Partners LLC increased its stake in NVIDIA by 1.0% in the fourth quarter. Canopy Partners LLC now owns 49,792 shares of the computer hardware maker’s stock valued at $6,687,000 after purchasing an additional 498 shares in the last quarter. Elgethun Capital Management boosted its holdings in NVIDIA by 30.2% in the fourth quarter. Elgethun Capital Management now owns 4,993 shares of the computer hardware maker’s stock worth $671,000 after acquiring an additional 1,159 shares in the last quarter. U S Wealth Group LLC. acquired a new stake in NVIDIA in the 4th quarter valued at $6,206,000. Finally, Invesco Ltd. increased its position 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 acquiring an additional 9,168,168 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA opened at $117.38 on Friday. 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 $2.86 trillion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. 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 fifty day simple moving average of $110.28 and a two-hundred day simple moving average of $127.55.

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 the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares of the company’s stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NVDA shares. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research report on Wednesday, March 19th. Rosenblatt Securities decreased their price target on shares of NVIDIA from $220.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. TD Cowen lowered their price target on shares of NVIDIA from $175.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. DA Davidson dropped their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Summit Insights lowered shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. One investment 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.96.

NVIDIA 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.