NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Forefront Analytics LLC

Forefront Analytics LLC reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,959 shares of the computer hardware maker’s stock after selling 598 shares during the quarter. NVIDIA accounts for 0.9% of Forefront Analytics LLC’s investment portfolio, making the stock its 28th largest position. Forefront Analytics LLC’s holdings in NVIDIA were worth $2,009,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $28,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $40,000. Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the 4th quarter worth approximately $46,000. Finally, LSV Asset Management purchased a new stake in NVIDIA during the 4th quarter worth approximately $54,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

Shares of NVDA opened at $131.29 on Tuesday. The company has a 50-day simple moving average of $114.17 and a 200-day simple moving average of $126.54. 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 company has a market capitalization of $3.21 trillion, a PE ratio of 51.67, a P/E/G ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results 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. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate 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 fiscal year.

NVIDIA Dividend Announcement

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

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the firm’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 completion of the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 owns 17,279 shares of the company’s stock, valued at $1,900,690. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Hsbc Global Res downgraded shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 3rd. UBS Group reaffirmed a “buy” rating on shares of NVIDIA in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Wedbush downgraded shares of NVIDIA from an “outperform” rating to a “cautious” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $167.53.

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.