Lindbrook Capital LLC Sells 6,731 Shares of NVIDIA Co. (NASDAQ:NVDA)

Lindbrook Capital LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 242,275 shares of the computer hardware maker’s stock after selling 6,731 shares during the period. NVIDIA makes up about 2.9% of Lindbrook Capital LLC’s holdings, making the stock its 7th largest holding. Lindbrook Capital LLC’s holdings in NVIDIA were worth $32,535,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. DiNuzzo Private Wealth Inc. lifted its position in shares of NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after acquiring an additional 71 shares during the period. Smart Portfolios LLC raised its stake in NVIDIA by 2.7% in the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker’s stock valued at $341,000 after purchasing an additional 75 shares in the last quarter. Palisade Asset Management LLC lifted its position in NVIDIA by 0.5% during the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker’s stock worth $1,866,000 after purchasing an additional 75 shares during the period. Baker Boyer National Bank grew its stake in NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock worth $323,000 after buying an additional 76 shares in the last quarter. Finally, Kwmg LLC increased its holdings in NVIDIA by 0.6% in the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock valued at $1,755,000 after buying an additional 77 shares during the period. Institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Bank of America reaffirmed a “buy” rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Thursday, March 20th. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday, February 20th. DA Davidson reduced their price objective on NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Finally, Barclays boosted their target price on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.01.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the business’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 transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by company insiders.

NVIDIA Price Performance

NVIDIA stock opened at $107.57 on Friday. The stock has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 42.33, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95. 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 moving average price is $119.10 and its two-hundred day moving average price is $130.45.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. On average, equities analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

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.