Bradley Foster & Sargent Inc. CT Cuts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Bradley Foster & Sargent Inc. CT cut its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 711,163 shares of the computer hardware maker's stock after selling 17,303 shares during the quarter. NVIDIA accounts for 1.6% of Bradley Foster & Sargent Inc. CT's holdings, making the stock its 14th biggest position. Bradley Foster & Sargent Inc. CT's holdings in NVIDIA were worth $95,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA in the fourth quarter valued at $34,000. Luken Investment Analytics LLC bought a new stake in NVIDIA in the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. lifted its position in shares of NVIDIA by 70.0% in the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at $46,000. Finally, 1620 Investment Advisors Inc. boosted its stake in NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after purchasing an additional 248 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value 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. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. 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 owned by corporate insiders.

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NVIDIA Stock Performance

NASDAQ NVDA traded down $5.22 during trading on Monday, hitting $104.45. 69,264,759 shares of the company's stock traded hands, compared to its average volume of 313,786,624. The stock has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 41.11, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business has a 50 day moving average of $125.01 and a 200-day moving average of $131.61. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Wedbush reissued an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Bank of America reissued a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $171.51.

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.