NVIDIA Co. (NASDAQ:NVDA) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 195,051 shares of the computer hardware maker's stock after selling 2,639 shares during the quarter. NVIDIA makes up about 0.8% of HBK Sorce Advisory LLC's portfolio, making the stock its 14th biggest position. HBK Sorce Advisory LLC's holdings in NVIDIA were worth $26,193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hickory Point Bank & Trust acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $2,272,000. Capital Performance Advisors LLP grew its stake in shares of NVIDIA by 59.3% during the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock worth $3,586,000 after buying an additional 9,944 shares during the last quarter. Ethos Financial Group LLC increased its holdings in shares of NVIDIA by 24.1% during the fourth quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after buying an additional 6,241 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of NVIDIA by 3.6% in the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock valued at $196,711,000 after acquiring an additional 50,978 shares during the last quarter. Finally, Candriam S.C.A. boosted its holdings in shares of NVIDIA by 0.5% during the 4th quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock valued at $948,229,000 after acquiring an additional 35,684 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last three months. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Down 3.0 %

NASDAQ:NVDA traded down $3.16 during mid-day trading on Friday, hitting $101.33. 290,593,259 shares of the company's stock were exchanged, compared to its average volume of 312,017,771. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a fifty day moving average price of $117.19 and a 200 day moving average price of $129.89. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. The company has a market cap of $2.47 trillion, a PE ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96.

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

NVIDIA Dividend Announcement

The firm also recently disclosed 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 of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NVDA shares. Mizuho cut their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Citigroup restated a "buy" rating on shares of NVIDIA in a research report on Wednesday. DA Davidson decreased their target price on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Bank of America decreased their price objective on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $165.51.

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.