NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Investment Advisory Group LLC

Investment Advisory Group LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 13,881 shares of the computer hardware maker’s stock after selling 239 shares during the period. Investment Advisory Group LLC’s holdings in NVIDIA were worth $1,864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Phoenix Wealth Advisors boosted its stake in NVIDIA by 4.0% during the 4th quarter. Phoenix Wealth Advisors now owns 10,309 shares of the computer hardware maker’s stock valued at $1,384,000 after purchasing an additional 394 shares during the period. ForthRight Wealth Management LLC raised its position in shares of NVIDIA by 11.7% during the 4th quarter. ForthRight Wealth Management LLC now owns 2,867 shares of the computer hardware maker’s stock worth $385,000 after buying an additional 301 shares in the last quarter. Albion Financial Group UT raised its position in shares of NVIDIA by 1.1% during the 4th quarter. Albion Financial Group UT now owns 305,306 shares of the computer hardware maker’s stock worth $41,000,000 after buying an additional 3,277 shares in the last quarter. Eagle Wealth Strategies LLC raised its position in shares of NVIDIA by 3.3% during the 4th quarter. Eagle Wealth Strategies LLC now owns 9,646 shares of the computer hardware maker’s stock worth $1,295,000 after buying an additional 312 shares in the last quarter. Finally, Global Trust Asset Management LLC raised its position in shares of NVIDIA by 3.6% during the 4th quarter. Global Trust Asset Management LLC now owns 11,680 shares of the computer hardware maker’s stock worth $1,568,000 after buying an additional 407 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVDA stock opened at $135.29 on Friday. 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 $3.31 trillion, a price-to-earnings ratio of 53.24, a P/E/G ratio of 1.62 and a beta of 1.62. NVIDIA Co. has a 12 month low of $66.25 and a 12 month high of $153.13. The firm has a 50 day moving average of $134.78 and a two-hundred day moving average of $129.85.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th 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 was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 716 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on NVDA shares. Raymond James boosted their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 14th. TD Cowen boosted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. The Goldman Sachs Group boosted their price target on shares of NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Needham & Company LLC boosted their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Truist Financial boosted their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $166.23.

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.