Johnson Financial Group Inc. Sells 679 Shares of NVIDIA Co. (NASDAQ:NVDA)

Johnson Financial Group Inc. reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,827 shares of the computer hardware maker’s stock after selling 679 shares during the quarter. NVIDIA makes up about 0.8% of Johnson Financial Group Inc.’s portfolio, making the stock its 16th biggest holding. Johnson Financial Group Inc.’s holdings in NVIDIA were worth $17,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new position in NVIDIA in the 4th quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new position in NVIDIA in the 4th quarter worth about $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC acquired a new position in NVIDIA in the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the 4th quarter valued at about $46,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Performance

NVIDIA stock opened at $135.57 on Tuesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.32 trillion, a P/E ratio of 53.35, a PEG ratio of 1.76 and a beta of 2.11. The stock’s 50 day moving average is $112.73 and its 200 day moving average is $126.93. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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 of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s payout ratio is currently 1.36%.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last 90 days. Insiders own 4.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating on shares of NVIDIA in a research note on Friday, April 25th. Rosenblatt Securities cut their target price on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Hsbc Global Res cut NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $164.84.

NVIDIA 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.