Neo Ivy Capital Management Has $3.95 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Neo Ivy Capital Management reduced its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 39.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,486 shares of the computer hardware maker's stock after selling 21,446 shares during the period. NVIDIA makes up approximately 1.3% of Neo Ivy Capital Management's holdings, making the stock its largest holding. Neo Ivy Capital Management's holdings in NVIDIA were worth $3,946,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NVDA. Christopher J. Hasenberg Inc bought a new stake in shares of NVIDIA during the third quarter worth $27,000. Quest Partners LLC bought a new stake in NVIDIA during the 2nd quarter worth about $27,000. University of Texas Texas AM Investment Management Co. acquired 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 in the third quarter worth about $36,000. Finally, DHJJ Financial Advisors Ltd. lifted its position in shares of NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after purchasing an additional 140 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, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction dated 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 transaction, the director now owns 28,671,360 shares of the company's stock, valued at $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Performance

NASDAQ NVDA opened at $140.83 on Wednesday. NVIDIA Co. has a 1 year low of $58.58 and a 1 year high of $153.13. The firm has a market capitalization of $3.45 trillion, a price-to-earnings ratio of 55.42, a P/E/G ratio of 2.48 and a beta of 1.64. 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 firm's 50 day simple moving average is $138.84 and its 200 day simple moving average is $129.11.

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 for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $35.08 billion for the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter last year, the business posted $0.38 EPS. The company's revenue was up 93.6% compared to the same quarter last year. As a group, research analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA's payout ratio is 1.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NVDA shares. Piper Sandler boosted their target price on NVIDIA from $140.00 to $175.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Stifel Nicolaus increased their price objective on shares of NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Needham & Company LLC upped their target price on shares of NVIDIA from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Mizuho boosted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Finally, Susquehanna upped their price target on shares of NVIDIA from $160.00 to $180.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $164.63.

About NVIDIA

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.