NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Empire Financial Management Company LLC

Empire Financial Management Company LLC decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,954 shares of the computer hardware maker’s stock after selling 289 shares during the quarter. Empire Financial Management Company LLC’s holdings in NVIDIA were worth $2,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SOA Wealth Advisors LLC. lifted its holdings in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after purchasing an additional 350 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in NVIDIA by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock valued at $4,326,576,000 after purchasing an additional 1,285,897 shares in the last quarter. Dorsey Wright & Associates lifted its holdings in NVIDIA by 1.5% in the 3rd quarter. Dorsey Wright & Associates now owns 104,828 shares of the computer hardware maker’s stock valued at $12,730,000 after purchasing an additional 1,536 shares in the last quarter. Kensington Investment Counsel LLC lifted its holdings in NVIDIA by 2.0% in the 3rd quarter. Kensington Investment Counsel LLC now owns 29,555 shares of the computer hardware maker’s stock valued at $3,589,000 after purchasing an additional 578 shares in the last quarter. Finally, Kimelman & Baird LLC lifted its holdings in NVIDIA by 680.4% in the 3rd quarter. Kimelman & Baird LLC now owns 51,423 shares of the computer hardware maker’s stock valued at $6,245,000 after purchasing an additional 44,834 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA opened at $135.57 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock has a market capitalization of $3.32 trillion, a P/E ratio of 53.35, a P/E/G ratio of 1.76 and a beta of 2.11. The company’s fifty day moving average is $112.73 and its two-hundred day moving average is $126.93. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95.

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 business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. On average, sell-side 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 $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 1.36%.

Insider Activity at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were 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 of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the 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 sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on NVDA shares. Hsbc Global Res lowered NVIDIA from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 3rd. Summit Insights lowered NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Citigroup reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. UBS Group reduced their price target on NVIDIA from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, May 12th. Finally, Susquehanna reissued a “positive” rating and set a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.84.

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.