NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Financial Avengers Inc.

Financial Avengers Inc. cut its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 206,503 shares of the computer hardware maker's stock after selling 6,130 shares during the quarter. NVIDIA makes up 12.3% of Financial Avengers Inc.'s investment portfolio, making the stock its 2nd biggest holding. Financial Avengers Inc.'s holdings in NVIDIA were worth $25,078,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Christopher J. Hasenberg Inc purchased a new position in NVIDIA in the 3rd quarter valued at $27,000. Quest Partners LLC purchased a new position in NVIDIA in the second quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. purchased a new position in NVIDIA in the 2nd quarter valued at approximately $31,000. West Financial Advisors LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth $36,000. Finally, DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after acquiring an additional 140 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares of the company's stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last three months. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Up 2.3 %

Shares of NVDA stock opened at $140.83 on Wednesday. The business's fifty day moving average is $138.84 and its 200-day moving average is $129.11. The stock has a market cap of $3.45 trillion, a PE ratio of 55.42, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64. NVIDIA Co. has a 1 year low of $58.58 and a 1 year high of $153.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. Equities analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.57%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Redburn Atlantic started coverage on NVIDIA in a research report on Tuesday, November 12th. They issued a "buy" rating and a $178.00 price objective on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $220.00 target price on shares of NVIDIA in a report on Wednesday, January 8th. Susquehanna increased their price target on NVIDIA from $160.00 to $180.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Evercore ISI lifted their price objective on shares of NVIDIA from $189.00 to $190.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. Finally, Mizuho increased their price target on NVIDIA from $165.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NVIDIA presently has an average rating of "Moderate Buy" and an average price target of $164.63.

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.