Van Hulzen Asset Management LLC Cuts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Van Hulzen Asset Management LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA) by 24.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 165,436 shares of the computer hardware maker’s stock after selling 54,471 shares during the quarter. NVIDIA makes up about 1.6% of Van Hulzen Asset Management LLC’s portfolio, making the stock its 13th largest holding. Van Hulzen Asset Management LLC’s holdings in NVIDIA were worth $22,221,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Wealth Group Ltd. raised its position in shares of NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker’s stock valued at $680,000 after buying an additional 265 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB raised its holdings in NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after acquiring an additional 1,868,358 shares during the last quarter. Impax Asset Management Group plc lifted its stake in NVIDIA by 13.2% in the 3rd quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker’s stock worth $667,278,000 after purchasing an additional 640,840 shares in the last quarter. Finally, Advisors Management Group Inc. ADV boosted its holdings in shares of NVIDIA by 4.8% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 102,152 shares of the computer hardware maker’s stock worth $12,405,000 after purchasing an additional 4,717 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of the firm’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 transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company’s stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by insiders.

NVIDIA Trading Down 3.0 %

NVDA opened at $101.33 on Monday. 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 $76.40 and a one year high of $195.95. The company has a market cap of $2.47 trillion, a P/E ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96. The business’s 50-day simple moving average is $116.56 and its 200-day simple moving average is $129.90.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $38.16 billion. As a group, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA’s dividend payout ratio is presently 1.36%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho cut their price target on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Citigroup reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday. Susquehanna reissued a “positive” rating and issued a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, UBS Group decreased their target price on shares of NVIDIA from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.51.

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.