Angeles Investment Advisors LLC Sells 13,976 Shares of NVIDIA Co. (NASDAQ:NVDA)

Angeles Investment Advisors LLC trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 33.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,790 shares of the computer hardware maker's stock after selling 13,976 shares during the quarter. NVIDIA accounts for approximately 0.2% of Angeles Investment Advisors LLC's holdings, making the stock its 27th largest position. Angeles Investment Advisors LLC's holdings in NVIDIA were worth $3,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clune & Associates LTD. bought a new stake in NVIDIA during the fourth quarter valued at approximately $3,955,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of NVIDIA during the 4th quarter worth $846,000. McCollum Christoferson Group LLC grew its position in shares of NVIDIA by 2.1% during the 4th quarter. McCollum Christoferson Group LLC now owns 15,218 shares of the computer hardware maker's stock valued at $2,044,000 after acquiring an additional 318 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of NVIDIA in the 4th quarter worth $581,000. Finally, Cedar Wealth Management LLC raised its holdings in NVIDIA by 112.9% in the 4th quarter. Cedar Wealth Management LLC now owns 11,050 shares of the computer hardware maker's stock worth $1,484,000 after purchasing an additional 5,860 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVDA has been the subject of several recent research reports. DA Davidson cut their price target on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 14th. TD Cowen reduced their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Rosenblatt Securities decreased their target price on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating on shares of NVIDIA in a research report on Friday. Finally, Tigress Financial restated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

Insiders Place Their Bets

In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $525,600.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last quarter. Company insiders own 4.23% of the company's stock.

NVIDIA Trading Up 4.3 %

NVDA stock opened at $111.01 on Friday. NVIDIA Co. has a twelve month low of $81.25 and a twelve month high of $195.95. The stock has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 43.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. 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's fifty day simple moving average is $113.21 and its two-hundred day simple moving average is $128.99.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion during 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, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 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.

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