NVIDIA Co. (NASDAQ:NVDA) Holdings Lessened by Leelyn Smith LLC

Leelyn Smith LLC cut its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,323 shares of the computer hardware maker's stock after selling 7,200 shares during the quarter. NVIDIA accounts for 2.3% of Leelyn Smith LLC's portfolio, making the stock its 9th largest position. Leelyn Smith LLC's holdings in NVIDIA were worth $12,667,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NVDA. Dopkins Wealth Management LLC boosted its stake in shares of NVIDIA by 85.1% during the 4th quarter. Dopkins Wealth Management LLC now owns 5,554 shares of the computer hardware maker's stock valued at $746,000 after buying an additional 2,554 shares during the last quarter. RD Lewis Holdings Inc. bought a new position in NVIDIA during the 4th quarter valued at $2,399,000. Haven Capital Group Inc. bought a new stake in shares of NVIDIA in the 4th quarter worth about $6,759,000. Cadence Wealth Management LLC lifted its position in shares of NVIDIA by 3.6% during the fourth quarter. Cadence Wealth Management LLC now owns 4,473 shares of the computer hardware maker's stock worth $601,000 after purchasing an additional 156 shares during the last quarter. Finally, BlackDiamond Wealth Management LLC increased its holdings in NVIDIA by 7.9% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 23,963 shares of the computer hardware maker's stock valued at $3,218,000 after buying an additional 1,745 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction, the director now owns 251,044 shares in the company, valued at $28,993,071.56. This represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NVDA shares. Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. UBS Group lowered their price objective on shares of NVIDIA from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday, March 14th. DA Davidson reduced their price objective on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus set a $180.00 target price on NVIDIA in a research report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $165.51.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $96.91 on Tuesday. The company has a market cap of $2.36 trillion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The company's fifty day moving average is $115.87 and its two-hundred day moving average is $129.71. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $76.40 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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 dividend 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%.

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.

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