NVIDIA Co. (NASDAQ:NVDA) is Freedom Day Solutions LLC's 8th Largest Position

Freedom Day Solutions LLC lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,445 shares of the computer hardware maker's stock after selling 7,081 shares during the quarter. NVIDIA comprises approximately 1.9% of Freedom Day Solutions LLC's holdings, making the stock its 8th largest holding. Freedom Day Solutions LLC's holdings in NVIDIA were worth $6,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVDA. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the 4th quarter worth $34,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the 4th quarter worth approximately $40,000. DHJJ Financial Advisors Ltd. raised its holdings in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after buying an additional 140 shares during the period. Lowe Wealth Advisors LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $46,000. Finally, 1620 Investment Advisors Inc. increased its position 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 worth $51,000 after acquiring an additional 248 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on NVDA. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, February 20th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. HSBC reduced their price target on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $171.51.

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NVIDIA Stock Down 0.6 %

NASDAQ:NVDA traded down $0.72 on Tuesday, hitting $120.69. The stock had a trading volume of 166,951,502 shares, compared to its average volume of 314,666,735. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The business's fifty day moving average is $126.68 and its 200 day moving average is $131.46. The company has a market cap of $2.94 trillion, a PE ratio of 47.50, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its 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 return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. On average, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the firm'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 transaction, the chief financial officer now 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 disclosure for this sale can be found here. Insiders have sold 183,609 shares of company stock worth $22,642,615 in the last quarter. Insiders own 4.23% of the company's stock.

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.