River Street Advisors LLC Has $7.17 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

River Street Advisors LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,382 shares of the computer hardware maker’s stock after selling 551 shares during the period. NVIDIA comprises 3.7% of River Street Advisors LLC’s holdings, making the stock its 4th largest position. River Street Advisors LLC’s holdings in NVIDIA were worth $7,169,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NVDA. International Assets Investment Management LLC increased its holdings in NVIDIA by 12,898.6% during the 3rd quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker’s stock worth $6,836,220,000 after purchasing an additional 55,859,917 shares in the last quarter. Clear Street Derivatives LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth about $4,589,905,000. Clearbridge Investments LLC boosted its stake in shares of NVIDIA by 810.6% during the 2nd quarter. Clearbridge Investments LLC now owns 38,584,018 shares of the computer hardware maker’s stock worth $4,766,670,000 after buying an additional 34,346,955 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of NVIDIA by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker’s stock worth $66,101,133,000 after buying an additional 11,525,969 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of NVIDIA by 2,556.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,605,913 shares of the computer hardware maker’s stock worth $1,063,174,000 after buying an additional 8,281,902 shares during the last quarter. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Mizuho increased their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Truist Financial increased their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen increased their price objective on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Tigress Financial reiterated a “buy” rating on shares of NVIDIA in a research note on Wednesday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $162.00 target price (up from $152.00) on shares of NVIDIA in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.62.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,670 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares of the company’s stock, valued at $453,802,848.80. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the business’s stock in a transaction on Monday, January 6th. The stock was 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 in the company, valued at approximately $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 over the last three months. 4.23% of the stock is owned by insiders.

NVIDIA Stock Up 3.9 %

Shares of NVDA opened at $124.81 on Friday. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The firm’s 50 day moving average is $134.19 and its 200-day moving average is $131.92. The stock has a market capitalization of $3.06 trillion, a PE ratio of 49.12, a P/E/G ratio of 1.76 and a beta of 1.62. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced 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 business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.57%.

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.