Arthur M. Cohen & Associates LLC Decreases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Arthur M. Cohen & Associates LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 365,693 shares of the computer hardware maker’s stock after selling 9,555 shares during the quarter. NVIDIA accounts for approximately 7.6% of Arthur M. Cohen & Associates LLC’s investment portfolio, making the stock its 3rd largest position. Arthur M. Cohen & Associates LLC’s holdings in NVIDIA were worth $39,634,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tacita Capital Inc acquired a new stake in NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC bought a new position in NVIDIA during the 4th quarter valued at $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at $40,000. Copia Wealth Management purchased a new stake in shares of NVIDIA during the 4th quarter valued at $50,000. Finally, LSV Asset Management purchased a new stake in NVIDIA in the 4th quarter worth about $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Mizuho lifted their target price on NVIDIA from $168.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, May 29th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Citigroup reaffirmed a “buy” rating and set a $180.00 price target (up from $150.00) on shares of NVIDIA in a report on Thursday, May 29th. Wedbush restated an “outperform” rating on shares of NVIDIA in a research report on Thursday, May 29th. Finally, Oppenheimer reissued an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research note on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-five have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $172.24.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,560,845 shares of company stock worth $360,351,849. Insiders own 4.17% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA opened at $144.69 on Tuesday. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $153.13. The stock’s 50 day moving average is $123.74 and its two-hundred day moving average is $126.36. The firm has a market capitalization of $3.53 trillion, a PE ratio of 56.94, a P/E/G ratio of 1.76 and a beta of 2.12. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion for the quarter, compared to analysts’ expectations of $43.09 billion. During the same period last year, the firm earned $0.61 EPS. NVIDIA’s revenue was up 69.2% compared to the same quarter last year. Research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.29%.

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.