NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Courier Capital LLC

Courier Capital LLC lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,834 shares of the computer hardware maker's stock after selling 7,796 shares during the quarter. Courier Capital LLC's holdings in NVIDIA were worth $4,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Quest Partners LLC bought a new position in NVIDIA during the 2nd quarter valued at about $27,000. Christopher J. Hasenberg Inc purchased a new stake in NVIDIA in the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. purchased a new stake in NVIDIA in the 2nd quarter valued at about $31,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA in the 4th quarter valued at about $34,000. Finally, West Financial Advisors LLC purchased a new stake in NVIDIA in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 716 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company's stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the transaction, the insider now directly owns 480,899 shares in the company, valued at approximately $65,056,016.72. This 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 1,108,348 shares of company stock valued at $146,506,958 over the last ninety days. Corporate insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on NVDA. Loop Capital reissued a "buy" rating and issued a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, November 20th. Benchmark reaffirmed a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Tuesday, January 7th. HSBC lowered their price target on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price target on shares of NVIDIA from $155.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Piper Sandler upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average price target of $166.23.

NVIDIA Price Performance

NVDA traded up $1.05 during midday trading on Thursday, hitting $124.75. 390,509,528 shares of the company traded hands, compared to its average volume of 292,494,438. 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 capitalization of $3.06 trillion, a price-to-earnings ratio of 49.09, a PEG ratio of 2.65 and a beta of 1.64. NVIDIA Co. has a 52-week low of $60.70 and a 52-week high of $153.13. The business has a 50 day simple moving average of $137.46 and a two-hundred day simple moving average of $129.40.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted 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 business had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company's revenue was up 93.6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. On average, equities analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA's payout ratio is 1.57%.

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.