Diversified Investment Strategies LLC Lowers Position in NVIDIA Co. (NASDAQ:NVDA)

Diversified Investment Strategies LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,325 shares of the computer hardware maker’s stock after selling 300 shares during the quarter. Diversified Investment Strategies LLC’s holdings in NVIDIA were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Ironwood Wealth Management LLC. raised its position in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA during the second quarter worth about $31,000. Beck Bode LLC lifted its holdings in NVIDIA by 698.5% in the 2nd quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker’s stock worth $22,591,000 after buying an additional 159,966 shares during the period. Edge Capital Group LLC grew its position in shares of NVIDIA by 899.9% in the 2nd quarter. Edge Capital Group LLC now owns 62,895 shares of the computer hardware maker’s stock worth $7,770,000 after buying an additional 56,605 shares during the last quarter. Finally, Delos Wealth Advisors LLC increased its stake in shares of NVIDIA by 1,051.8% during the second quarter. Delos Wealth Advisors LLC now owns 1,290 shares of the computer hardware maker’s stock valued at $159,000 after buying an additional 1,178 shares during the period. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 4.1 %

NVDA stock opened at $134.35 on Monday. The business’s 50-day moving average price is $134.66 and its 200-day moving average price is $131.56. 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 stock has a market cap of $3.29 trillion, a P/E ratio of 52.87, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a twelve month low of $74.22 and a twelve month high of $153.13.

Insider Activity at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at approximately $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,107,632 shares of company stock worth $146,405,286. 4.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NVDA. Mizuho lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Needham & Company LLC lifted their target price on shares of NVIDIA from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Bank of America reissued a “buy” rating and issued a $190.00 price target on shares of NVIDIA in a research note on Thursday, November 21st. Loop Capital reaffirmed a “buy” rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Finally, TD Cowen increased their target price on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.21.

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.