Fox Hill Wealth Management Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

Fox Hill Wealth Management lessened its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,307 shares of the computer hardware maker's stock after selling 4,390 shares during the quarter. NVIDIA makes up approximately 5.3% of Fox Hill Wealth Management's holdings, making the stock its 3rd biggest holding. Fox Hill Wealth Management's holdings in NVIDIA were worth $9,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NVDA. Tacita Capital Inc purchased a new position in NVIDIA in the 4th quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the 4th quarter worth approximately $34,000. Vision Financial Markets LLC bought a new position in shares of NVIDIA in the fourth quarter valued at about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in NVIDIA in the fourth quarter worth $46,000. Institutional investors own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other news, 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 value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last 90 days. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Up 3.9 %

NASDAQ NVDA traded up $4.14 during trading on Friday, hitting $110.57. 198,676,718 shares of the company's stock traded hands, compared to its average volume of 305,931,431. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.70 trillion, a P/E ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. The stock has a fifty day moving average of $113.77 and a two-hundred day moving average of $129.16. NVIDIA Co. has a 12-month low of $78.22 and a 12-month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results 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. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared 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. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's payout ratio is presently 1.36%.

Analyst Ratings Changes

NVDA has been the topic of several recent analyst reports. Truist Financial boosted their price target on NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, April 16th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of NVIDIA in a report on Friday. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and an average target price of $164.96.

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.