NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Fiducient Advisors LLC

Fiducient Advisors LLC trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,294 shares of the computer hardware maker’s stock after selling 1,214 shares during the period. NVIDIA accounts for about 0.8% of Fiducient Advisors LLC’s investment portfolio, making the stock its 25th largest position. Fiducient Advisors LLC’s holdings in NVIDIA were worth $6,486,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. boosted its stake in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock worth $14,650,000 after purchasing an additional 350 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of NVIDIA by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares during the last quarter. NCP Inc. boosted its stake in shares of NVIDIA by 14.6% during the 3rd quarter. NCP Inc. now owns 206,065 shares of the computer hardware maker’s stock worth $25,025,000 after purchasing an additional 26,175 shares during the last quarter. Capital Counsel LLC NY boosted its stake in shares of NVIDIA by 10.6% during the 3rd quarter. Capital Counsel LLC NY now owns 3,085 shares of the computer hardware maker’s stock worth $375,000 after purchasing an additional 295 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in shares of NVIDIA by 7.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,325,358 shares of the computer hardware maker’s stock worth $160,951,000 after purchasing an additional 94,091 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVDA has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $190.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of NVIDIA in a research note on Wednesday, April 16th. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, UBS Group decreased their target price on shares of NVIDIA from $180.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.84.

NVIDIA Trading Up 5.4%

NVDA opened at $123.00 on Tuesday. The firm has a market capitalization of $3.01 trillion, a P/E ratio of 48.41, a P/E/G ratio of 1.76 and a beta of 2.11. The firm’s 50 day moving average is $110.40 and its 200-day moving average is $127.06. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

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

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling

In related news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction 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 in the company, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This trade represents a 17.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company’s stock.

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.