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

NDVR Inc. lowered its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,184 shares of the computer hardware maker’s stock after selling 383 shares during the period. NVIDIA comprises 2.1% of NDVR Inc.’s holdings, making the stock its 8th biggest holding. NDVR Inc.’s holdings in NVIDIA were worth $2,173,000 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 business. Regent Peak Wealth Advisors LLC lifted its holdings in shares of NVIDIA by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker’s stock valued at $10,989,000 after buying an additional 322 shares during the last quarter. Wealth Group Ltd. raised its position in NVIDIA by 1.8% during the fourth quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker’s stock valued at $766,000 after acquiring an additional 100 shares in the last quarter. Czech National Bank lifted its stake in NVIDIA by 6.1% in the fourth quarter. Czech National Bank now owns 5,316,840 shares of the computer hardware maker’s stock valued at $713,998,000 after acquiring an additional 305,153 shares during the last quarter. Aprio Wealth Management LLC grew its position in NVIDIA by 14.0% in the fourth quarter. Aprio Wealth Management LLC now owns 26,549 shares of the computer hardware maker’s stock worth $3,565,000 after acquiring an additional 3,264 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in shares of NVIDIA during the 4th quarter worth $155,000. 65.27% of the stock is currently owned by institutional investors.

Insider Activity at NVIDIA

In other NVIDIA 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 transaction of $2,368,400.00. Following the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company’s stock, valued at approximately $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. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last three months. Corporate insiders own 4.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. HSBC cut NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Thursday, April 3rd. Barclays lowered their target price on NVIDIA from $175.00 to $155.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Citigroup reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.53.

NVIDIA Stock Up 3.2%

NVIDIA stock opened at $135.50 on Wednesday. The company has a market capitalization of $3.31 trillion, a PE ratio of 53.33, a PEG ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The firm’s fifty day moving average is $114.51 and its 200 day moving average is $126.60. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for 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%. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

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.