NVIDIA Co. (NASDAQ:NVDA) is Farther Finance Advisors LLC's 7th Largest Position

Farther Finance Advisors LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 62.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 322,974 shares of the computer hardware maker's stock after selling 528,211 shares during the period. NVIDIA comprises 1.6% of Farther Finance Advisors LLC's investment portfolio, making the stock its 7th biggest position. Farther Finance Advisors LLC's holdings in NVIDIA were worth $43,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tacita Capital Inc bought a new stake in shares of NVIDIA in the fourth quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 4th quarter valued at about $34,000. Vision Financial Markets LLC bought a new position in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the fourth quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of NVIDIA 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 completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVDA. Barclays boosted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, January 17th. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Bank of America cut their price target on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a report on Wednesday. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $165.51.

NVIDIA Trading Down 3.0 %

Shares of NASDAQ NVDA traded down $3.16 during trading hours on Friday, hitting $101.33. The company's stock had a trading volume of 290,593,259 shares, compared to its average volume of 312,556,411. The business has a 50-day simple moving average of $117.19 and a 200-day simple moving average of $129.89. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. 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 12 month low of $75.61 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) 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. On average, analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is 1.36%.

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.