B&D White Capital Company LLC Sells 74,900 Shares of NVIDIA Co. (NASDAQ:NVDA)

B&D White Capital Company LLC lowered its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 78.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,000 shares of the computer hardware maker's stock after selling 74,900 shares during the period. NVIDIA makes up about 0.5% of B&D White Capital Company LLC's holdings, making the stock its 24th biggest position. B&D White Capital Company LLC's holdings in NVIDIA were worth $2,686,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. AMF Tjanstepension AB grew its holdings in NVIDIA by 2.2% during the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after buying an additional 169,445 shares in the last quarter. Wealth Group Ltd. grew its stake in NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after acquiring an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. increased its holdings in NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares during the period. Swedbank AB lifted its stake in NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in NVIDIA by 6.8% in the 3rd quarter. Stanley Laman Group Ltd. now owns 60,691 shares of the computer hardware maker's stock valued at $7,370,000 after purchasing an additional 3,883 shares during the period. 65.27% of the stock is owned by institutional investors.

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Analyst Ratings Changes

NVDA has been the topic of several research analyst reports. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Morgan Stanley set a $162.00 price target on NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. William Blair reissued an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Wedbush restated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Thursday, February 20th. Finally, Bank of America reiterated a "buy" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $171.51.

NVIDIA Trading Up 1.6 %

NASDAQ NVDA traded up $1.77 during trading on Tuesday, hitting $110.15. The company had a trading volume of 216,699,398 shares, compared to its average volume of 314,275,604. The company's fifty day moving average is $124.42 and its 200-day moving average is $131.53. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.69 trillion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) 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 company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is currently owned by company insiders.

NVIDIA 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.