Hohimer Wealth Management LLC Reduces Position in NVIDIA Co. (NASDAQ:NVDA)

Hohimer Wealth Management LLC trimmed its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,986 shares of the computer hardware maker's stock after selling 5,714 shares during the quarter. NVIDIA comprises about 1.1% of Hohimer Wealth Management LLC's holdings, making the stock its 17th biggest position. Hohimer Wealth Management LLC's holdings in NVIDIA were worth $5,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NVDA. Quest Partners LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth $27,000. Christopher J. Hasenberg Inc bought a new stake in NVIDIA in the 3rd quarter worth about $27,000. University of Texas Texas AM Investment Management Co. purchased a new stake in NVIDIA in the 2nd quarter valued at about $31,000. West Financial Advisors LLC bought a new position in shares of NVIDIA during the 3rd quarter worth approximately $36,000. Finally, DHJJ Financial Advisors Ltd. boosted its stake in shares of NVIDIA by 70.0% in 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 last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

NVIDIA Trading Up 2.3 %

NVIDIA stock opened at $140.83 on Wednesday. The business's fifty day simple moving average is $138.84 and its two-hundred day simple moving average is $129.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 55.42, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64. NVIDIA Co. has a 12 month low of $58.58 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business's revenue for the quarter was up 93.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.38 earnings per share. As a group, equities analysts predict that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were 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 was Thursday, December 5th. NVIDIA's payout ratio is currently 1.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on NVIDIA from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Oppenheimer reissued an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. TD Cowen upped their price target on NVIDIA from $165.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Needham & Company LLC lifted their price objective on NVIDIA from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price objective on shares of NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $164.63.

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.