Adams Diversified Equity Fund Inc. Sells 58,700 Shares of NVIDIA Co. (NASDAQ:NVDA)

Adams Diversified Equity Fund Inc. reduced its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,366,300 shares of the computer hardware maker's stock after selling 58,700 shares during the quarter. NVIDIA comprises 6.9% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 3rd largest position. Adams Diversified Equity Fund Inc.'s holdings in NVIDIA were worth $183,480,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tacita Capital Inc acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the fourth quarter worth $34,000. Vision Financial Markets LLC acquired a new position in shares of NVIDIA in the fourth quarter worth approximately $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NVDA. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Truist Financial upped their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Benchmark reissued a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Mizuho lowered their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.01.

NVIDIA Trading Up 3.6 %

NASDAQ:NVDA opened at $106.43 on Friday. 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 firm has a market capitalization of $2.60 trillion, a P/E ratio of 41.89, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95. The company has a fifty day moving average of $113.77 and a 200 day moving average of $129.16.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. On average, research analysts predict that NVIDIA Co. will post 2.77 earnings per share 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 paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is 1.36%.

Insiders Place Their Bets

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated 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 sale, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm'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 transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by corporate insiders.

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.

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