RWQ Financial Management Services Inc. Sells 197,944 Shares of NVIDIA Co. (NASDAQ:NVDA)

RWQ Financial Management Services Inc. trimmed its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,536 shares of the computer hardware maker's stock after selling 197,944 shares during the period. NVIDIA accounts for 7.8% of RWQ Financial Management Services Inc.'s investment portfolio, making the stock its 4th biggest holding. RWQ Financial Management Services Inc.'s holdings in NVIDIA were worth $19,813,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NVDA. SOA Wealth Advisors LLC. grew its position in NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB boosted its holdings in NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after purchasing an additional 1,868,358 shares in the last quarter. Impax Asset Management Group plc increased its position in NVIDIA by 13.2% during the third quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker's stock worth $667,278,000 after buying an additional 640,840 shares during the last quarter. Principal Financial Group Inc. raised its holdings in NVIDIA by 3.7% during the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after buying an additional 1,285,897 shares in the last quarter. Finally, GSG Advisors LLC lifted its position in shares of NVIDIA by 6.7% in the third quarter. GSG Advisors LLC now owns 41,013 shares of the computer hardware maker's stock worth $4,799,000 after buying an additional 2,593 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their ownership of the stock. The transaction 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 company's stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last three months. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Up 4.3 %

Shares of NASDAQ:NVDA traded up $4.58 during trading on Friday, hitting $111.01. 250,248,639 shares of the company's stock were exchanged, compared to its average volume of 305,623,686. The firm has a 50-day moving average price of $113.77 and a two-hundred day moving average price of $129.16. NVIDIA Co. has a 1-year low of $81.25 and a 1-year high of $195.95. The firm has a market cap of $2.71 trillion, a P/E ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NVDA shares. William Blair reissued an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. UBS Group reaffirmed a "buy" rating on shares of NVIDIA in a report on Friday. Bank of America cut their target price on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.96.

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.