NVIDIA Co. (NASDAQ:NVDA) Shares Sold by 360 Financial Inc.

360 Financial Inc. trimmed its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,581 shares of the computer hardware maker’s stock after selling 169 shares during the quarter. NVIDIA makes up 1.3% of 360 Financial Inc.’s portfolio, making the stock its 16th biggest holding. 360 Financial Inc.’s holdings in NVIDIA were worth $3,704,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NVDA. SOA Wealth Advisors LLC. grew its position in shares of NVIDIA by 0.3% in the third 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 during the period. Principal Financial Group Inc. grew its position in NVIDIA by 3.7% during the third 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 acquiring an additional 1,285,897 shares during the period. Morse Asset Management Inc grew its position in NVIDIA by 0.7% during the third quarter. Morse Asset Management Inc now owns 202,054 shares of the computer hardware maker’s stock valued at $24,537,000 after acquiring an additional 1,374 shares during the period. Tri Ri Asset Management Corp purchased a new stake in NVIDIA during the third quarter valued at about $1,245,000. Finally, SkyView Investment Advisors LLC grew its position in NVIDIA by 0.5% during the third quarter. SkyView Investment Advisors LLC now owns 130,903 shares of the computer hardware maker’s stock valued at $15,897,000 after acquiring an additional 634 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NVDA shares. Bank of America boosted their price target on NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, May 14th. Raymond James restated a “strong-buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. UBS Group reduced their price objective on NVIDIA from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Finally, DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. One investment 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $164.84.

Insider Activity

In related news, Director Aarti S. Shah sold 20,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The stock was 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. This represents a 17.52% decrease in their position. 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. Insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 0.8%

Shares of NASDAQ:NVDA opened at $132.83 on Friday. The company has a market cap of $3.25 trillion, a P/E ratio of 52.27, a P/E/G ratio of 1.76 and a beta of 2.11. The stock’s 50-day moving average is $113.57 and its 200-day moving average is $126.99. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.