NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Bender Robert & Associates

Bender Robert & Associates trimmed its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 568,095 shares of the computer hardware maker's stock after selling 94,055 shares during the period. NVIDIA comprises 18.4% of Bender Robert & Associates' portfolio, making the stock its biggest holding. Bender Robert & Associates' holdings in NVIDIA were worth $76,289,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Warburton Capital Management LLC purchased a new position in shares of NVIDIA in the fourth quarter worth $1,024,000. Cascade Financial Partners LLC increased its stake in shares of NVIDIA by 1.1% during the fourth quarter. Cascade Financial Partners LLC now owns 87,657 shares of the computer hardware maker's stock valued at $11,771,000 after buying an additional 939 shares during the period. Natural Investments LLC bought a new position in NVIDIA in the fourth quarter worth approximately $14,853,000. AGF Management Ltd. raised its stake in shares of NVIDIA by 6.6% during the 4th quarter. AGF Management Ltd. now owns 6,770,884 shares of the computer hardware maker's stock worth $909,262,000 after acquiring an additional 421,147 shares in the last quarter. Finally, Avantax Planning Partners Inc. increased its stake in NVIDIA by 2.5% during the 4th quarter. Avantax Planning Partners Inc. now owns 56,600 shares of the computer hardware maker's stock valued at $7,601,000 after purchasing an additional 1,365 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 over the last ninety days. 4.23% of the stock is owned by insiders.

NVIDIA Stock Performance

NASDAQ NVDA traded down $3.16 during trading on Friday, reaching $101.33. The company's stock had a trading volume of 290,593,259 shares, compared to its average volume of 309,758,204. NVIDIA Co. has a twelve month low of $76.40 and a twelve month high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business's fifty day moving average price is $116.56 and its 200-day moving average price is $129.86. The firm has a market cap of $2.47 trillion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. Susquehanna reissued a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho reduced their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Citigroup reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday. Finally, KeyCorp set a $190.00 price objective on NVIDIA in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.51.

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.