Heritage Investors Management Corp Has $68.98 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Heritage Investors Management Corp cut its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 513,672 shares of the computer hardware maker's stock after selling 8,884 shares during the quarter. NVIDIA comprises about 2.2% of Heritage Investors Management Corp's portfolio, making the stock its 9th biggest holding. Heritage Investors Management Corp's holdings in NVIDIA were worth $68,981,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in NVIDIA during the fourth quarter worth about $34,000. Luken Investment Analytics LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at approximately $40,000. Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $46,000. 1620 Investment Advisors Inc. boosted its position in shares of NVIDIA by 145.9% during the 3rd 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. Finally, Gleason Group Inc. increased its stake in NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock valued at $58,000 after acquiring an additional 148 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Down 7.8 %

Shares of NVIDIA stock traded down $8.62 on Thursday, reaching $101.80. 336,752,568 shares of the company's stock were exchanged, compared to its average volume of 312,764,944. The firm's 50-day moving average is $123.07 and its two-hundred day moving average is $131.32. The company has a market capitalization of $2.48 trillion, a P/E ratio of 40.06, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. 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 52 week low of $75.61 and a 52 week high of $195.95.

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

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVDA. DA Davidson decreased their price target on NVIDIA from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Truist Financial raised their price target on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $169.89.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is 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.