NVIDIA Co. (NASDAQ:NVDA) Holdings Lowered by Leavell Investment Management Inc.

Leavell Investment Management Inc. cut its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,032,620 shares of the computer hardware maker's stock after selling 19,805 shares during the quarter. NVIDIA accounts for about 6.8% of Leavell Investment Management Inc.'s portfolio, making the stock its largest holding. Leavell Investment Management Inc.'s holdings in NVIDIA were worth $138,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in NVIDIA during the 4th quarter worth approximately $34,000. Luken Investment Analytics LLC acquired a new position in NVIDIA during the 4th quarter worth approximately $40,000. DHJJ Financial Advisors Ltd. increased its position in NVIDIA by 70.0% during the 3rd 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. Lowe Wealth Advisors LLC bought a new stake in NVIDIA during the 4th quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. grew its holdings in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after acquiring an additional 248 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVDA. Oppenheimer reissued an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Evercore ISI boosted their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Stifel Nicolaus boosted their target price on shares of NVIDIA from $165.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Barclays upped their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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Insider Activity

In related news, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,039,125 shares of company stock worth $137,062,338. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Performance

NASDAQ:NVDA traded up $6.09 on Friday, reaching $121.67. 276,579,395 shares of the company's stock were exchanged, compared to its average volume of 321,405,241. The stock has a fifty day simple moving average of $129.26 and a 200-day simple moving average of $131.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The firm has a market cap of $2.97 trillion, a price-to-earnings ratio of 47.88, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $38.16 billion. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is currently 1.36%.

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.