Asset Dedication LLC Decreases Holdings in NVIDIA Co. (NASDAQ:NVDA)

Asset Dedication LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 28.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,027 shares of the computer hardware maker's stock after selling 46,229 shares during the quarter. NVIDIA accounts for 1.2% of Asset Dedication LLC's portfolio, making the stock its 14th largest position. Asset Dedication LLC's holdings in NVIDIA were worth $15,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new stake in shares of NVIDIA during the 3rd quarter valued at $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NVIDIA during the 2nd quarter valued at $31,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA during the 4th quarter valued at $34,000. West Financial Advisors LLC bought a new stake in shares of NVIDIA during the 3rd quarter valued at $36,000. Finally, DHJJ Financial Advisors Ltd. raised its position in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Dabiri sold 716 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares in the company, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last three months. Company insiders own 4.23% of the company's stock.

NVIDIA Trading Down 4.1 %

NVIDIA stock traded down $5.76 during trading hours on Friday, hitting $134.35. The company had a trading volume of 226,998,737 shares, compared to its average volume of 286,691,776. The firm has a market cap of $3.29 trillion, a P/E ratio of 52.87, a P/E/G ratio of 1.76 and a beta of 1.62. 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 1 year low of $74.22 and a 1 year high of $153.13. The company has a 50-day moving average price of $134.66 and a two-hundred day moving average price of $131.33.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's quarterly revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Tigress Financial upgraded shares of NVIDIA from a "buy" rating to a "strong-buy" rating and lifted their price target for the company from $170.00 to $220.00 in a report on Tuesday, January 28th. TD Cowen lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Evercore ISI lifted their price target on shares of NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Redburn Atlantic assumed coverage on shares of NVIDIA in a report on Tuesday, November 12th. They issued a "buy" rating and a $178.00 price target on the stock. Finally, Wedbush reiterated an "outperform" rating and issued a $175.00 price target on shares of NVIDIA in a report on Thursday. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $168.21.

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.