Oxbow Advisors LLC Has $1.81 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Oxbow Advisors LLC cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,471 shares of the computer hardware maker’s stock after selling 713 shares during the period. Oxbow Advisors LLC’s holdings in NVIDIA were worth $1,809,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NVDA. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. lifted its holdings in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock valued at $41,000 after purchasing an additional 140 shares in the last quarter. Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $46,000. Finally, 1620 Investment Advisors Inc. increased its position in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after acquiring an additional 248 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an “overweight” rating in a research report on Wednesday, March 19th. KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Rosenblatt Securities reiterated a “buy” rating and set a $220.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, HSBC lowered their target price on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $171.51.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,609 shares of company stock worth $22,642,615. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Down 1.6 %

Shares of NASDAQ:NVDA opened at $109.67 on Friday. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. The stock has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The stock’s 50-day simple moving average is $125.01 and its two-hundred day simple moving average is $131.34.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend 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.