NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Leelyn Smith LLC

Leelyn Smith LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 94,323 shares of the computer hardware maker’s stock after selling 7,200 shares during the period. NVIDIA accounts for 2.3% of Leelyn Smith LLC’s portfolio, making the stock its 9th largest position. Leelyn Smith LLC’s holdings in NVIDIA were worth $12,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dopkins Wealth Management LLC grew its position in NVIDIA by 85.1% in the 4th quarter. Dopkins Wealth Management LLC now owns 5,554 shares of the computer hardware maker’s stock worth $746,000 after purchasing an additional 2,554 shares during the last quarter. RD Lewis Holdings Inc. acquired a new stake in NVIDIA during the fourth quarter worth about $2,399,000. Haven Capital Group Inc. acquired a new position in NVIDIA in the 4th quarter valued at approximately $6,759,000. Cadence Wealth Management LLC lifted its position in shares of NVIDIA by 3.6% in the 4th quarter. Cadence Wealth Management LLC now owns 4,473 shares of the computer hardware maker’s stock worth $601,000 after acquiring an additional 156 shares during the period. Finally, BlackDiamond Wealth Management LLC increased its position in shares of NVIDIA by 7.9% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 23,963 shares of the computer hardware maker’s stock valued at $3,218,000 after purchasing an additional 1,745 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NVDA. HSBC downgraded shares of NVIDIA from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Rosenblatt Securities lowered their price objective on NVIDIA from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Bank of America decreased their price target on NVIDIA from $200.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, Piper Sandler dropped their target price on shares of NVIDIA from $175.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.51.

Insider Transactions at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. 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 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 sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Down 4.5 %

Shares of NVIDIA stock opened at $96.91 on Tuesday. The company has a market capitalization of $2.36 trillion, a P/E ratio of 38.14, a price-to-earnings-growth 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. The business has a 50-day moving average of $115.87 and a two-hundred day moving average of $129.71. NVIDIA Co. has a 1 year low of $76.40 and a 1 year high of $195.95.

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

NVIDIA Announces Dividend

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

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.