Bey Douglas LLC Sells 475 Shares of NVIDIA Co. (NASDAQ:NVDA)

Bey Douglas LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,924 shares of the computer hardware maker’s stock after selling 475 shares during the quarter. NVIDIA makes up approximately 9.0% of Bey Douglas LLC’s investment portfolio, making the stock its 2nd largest position. Bey Douglas LLC’s holdings in NVIDIA were worth $10,464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mcrae Capital Management Inc. grew its holdings in NVIDIA by 9.8% during the fourth quarter. Mcrae Capital Management Inc. now owns 3,650 shares of the computer hardware maker’s stock worth $490,000 after purchasing an additional 325 shares during the period. Asset Management One Co. Ltd. grew its holdings in NVIDIA by 1.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 10,023,110 shares of the computer hardware maker’s stock worth $1,373,169,000 after purchasing an additional 152,030 shares during the period. Life Planning Partners Inc bought a new position in NVIDIA during the fourth quarter worth about $6,312,000. Guardian Asset Advisors LLC grew its holdings in NVIDIA by 0.9% during the fourth quarter. Guardian Asset Advisors LLC now owns 53,890 shares of the computer hardware maker’s stock worth $7,237,000 after purchasing an additional 477 shares during the period. Finally, Intelligence Driven Advisers LLC grew its holdings in NVIDIA by 9.2% during the fourth quarter. Intelligence Driven Advisers LLC now owns 16,561 shares of the computer hardware maker’s stock worth $2,224,000 after purchasing an additional 1,397 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Stock Up 5.3 %

Shares of NASDAQ:NVDA opened at $121.67 on Monday. The company has a fifty day moving average of $129.26 and a 200-day moving average of $131.23. The company has a market capitalization of $2.97 trillion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. On average, equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. The ex-dividend date 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 currently 1.36%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America boosted their price objective on NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Needham & Company LLC restated a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a report on Thursday, February 27th. The Goldman Sachs Group boosted their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Mizuho reduced their price objective on NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a report on Friday. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.51.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. 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.