NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Heritage Wealth Advisors

Heritage Wealth Advisors lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 14.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 45,328 shares of the computer hardware maker’s stock after selling 7,403 shares during the quarter. Heritage Wealth Advisors’ holdings in NVIDIA were worth $6,087,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NVDA. Tacita Capital Inc purchased a new stake in NVIDIA in the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at $34,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA in the 4th quarter valued at $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 in the last three months. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $109.02 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.66 trillion, a price-to-earnings ratio of 42.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The firm’s fifty day moving average price is $111.97 and its 200 day moving average price is $128.63. NVIDIA Co. has a 1-year low of $81.25 and a 1-year high of $195.95.

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

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DZ Bank upgraded shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a research report on Friday. HSBC cut NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Thursday, April 3rd. Citigroup restated a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, DA Davidson reduced their price target on NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Six equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.96.

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.