Flossbach Von Storch SE Sells 35,700 Shares of NVIDIA Co. (NASDAQ:NVDA)

Flossbach Von Storch SE lowered its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,320 shares of the computer hardware maker's stock after selling 35,700 shares during the period. Flossbach Von Storch SE's holdings in NVIDIA were worth $36,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the fourth quarter worth about $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the fourth quarter worth $40,000. DHJJ Financial Advisors Ltd. raised its holdings 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 worth $41,000 after acquiring an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at $46,000. Finally, 1620 Investment Advisors Inc. boosted its stake in shares of NVIDIA by 145.9% during the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after acquiring an additional 248 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wedbush reiterated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday, February 20th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Benchmark reaffirmed a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho dropped their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Finally, Barclays increased their target price on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Four equities research 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 stock. Based on data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $171.51.

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NVIDIA Trading Down 1.5 %

NASDAQ:NVDA traded down $1.73 on Friday, reaching $109.71. The company's stock had a trading volume of 113,258,851 shares, compared to its average volume of 314,758,471. 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 $75.61 and a 1-year high of $195.95. The business's 50-day moving average price is $125.57 and its two-hundred day moving average price is $131.32. The firm has a market cap of $2.68 trillion, a PE ratio of 43.01, a PEG ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. Equities research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The stock was 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction 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 owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 183,609 shares of company stock valued at $22,642,615 in the last three months. 4.23% of the stock is currently owned by company insiders.

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.