Retirement Solution LLC Sells 243 Shares of NVIDIA Co. (NASDAQ:NVDA)

Retirement Solution LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,297 shares of the computer hardware maker’s stock after selling 243 shares during the quarter. Retirement Solution LLC’s holdings in NVIDIA were worth $309,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NVDA. Pettee Investors Inc. increased its stake in shares of NVIDIA by 5.1% in the 4th quarter. Pettee Investors Inc. now owns 10,751 shares of the computer hardware maker’s stock valued at $1,444,000 after acquiring an additional 521 shares in the last quarter. LGT Capital Partners LTD. boosted its stake in NVIDIA by 10.3% during the fourth quarter. LGT Capital Partners LTD. now owns 1,357,631 shares of the computer hardware maker’s stock worth $182,316,000 after acquiring an additional 127,261 shares in the last quarter. Argentarii LLC acquired a new stake in NVIDIA in the fourth quarter worth $13,835,000. Tilson Financial Group Inc. bought a new stake in NVIDIA in the fourth quarter valued at $227,000. Finally, Jackson Hole Capital Partners LLC boosted its position in shares of NVIDIA by 26.3% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,492 shares of the computer hardware maker’s stock worth $2,483,000 after purchasing an additional 3,852 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on NVDA. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Morgan Stanley set a $162.00 price objective on NVIDIA and gave the company an “overweight” rating in a report on Wednesday, March 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, KeyCorp set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $168.39.

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last three months. Company insiders own 4.23% of the company’s stock.

NVIDIA Stock Up 3.1 %

Shares of NASDAQ NVDA opened at $110.93 on Monday. The business’s fifty day moving average price is $118.95 and its 200-day moving average price is $130.40. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The stock has a market capitalization of $2.71 trillion, a PE ratio of 43.66, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

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

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s payout ratio is 1.36%.

NVIDIA Company 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.