James Investment Research Inc. Decreases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

James Investment Research Inc. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 3.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 258,810 shares of the computer hardware maker’s stock after selling 9,413 shares during the period. NVIDIA accounts for about 4.1% of James Investment Research Inc.’s portfolio, making the stock its 2nd largest position. James Investment Research Inc.’s holdings in NVIDIA were worth $34,756,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Lee Financial Co grew its stake in shares of NVIDIA by 9.5% in the 4th quarter. Lee Financial Co now owns 27,444 shares of the computer hardware maker’s stock worth $3,685,000 after buying an additional 2,392 shares in the last quarter. Nkcfo LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth approximately $8,809,000. VeraBank N.A. lifted its position in shares of NVIDIA by 9.3% during the fourth quarter. VeraBank N.A. now owns 3,280 shares of the computer hardware maker’s stock worth $440,000 after purchasing an additional 280 shares during the last quarter. JNBA Financial Advisors lifted its holdings in NVIDIA by 5.0% during the 4th quarter. JNBA Financial Advisors now owns 12,492 shares of the computer hardware maker’s stock valued at $1,678,000 after buying an additional 600 shares in the last quarter. Finally, Strategic Financial Concepts LLC boosted its holdings in shares of NVIDIA by 95.7% in the fourth quarter. Strategic Financial Concepts LLC now owns 54,726 shares of the computer hardware maker’s stock valued at $7,349,000 after purchasing an additional 26,768 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,449 shares of company stock worth $11,960,727. 4.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. William Blair reissued an “outperform” rating on shares of NVIDIA in a research note on Thursday. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Phillip Securities reiterated an “accumulate” rating and issued a $160.00 price target (up from $155.00) on shares of NVIDIA in a research note on Friday, November 22nd. Citigroup boosted their price target on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.51.

NVIDIA Stock Up 0.9 %

NVIDIA stock opened at $118.53 on Friday. 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 Co. has a one year low of $75.61 and a one year high of $153.13. The company has a 50-day simple moving average of $127.28 and a 200-day simple moving average of $131.03. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 46.65, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm 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%. As a group, equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is currently 1.36%.

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.