NVIDIA Co. (NASDAQ:NVDA) Stake Lowered by Atria Investments Inc

Atria Investments Inc reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 942,202 shares of the computer hardware maker's stock after selling 15,883 shares during the period. NVIDIA makes up about 1.6% of Atria Investments Inc's holdings, making the stock its 3rd largest position. Atria Investments Inc's holdings in NVIDIA were worth $126,528,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Tacita Capital Inc purchased a new stake in NVIDIA in the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth $34,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter valued at $40,000. Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the fourth quarter valued at $46,000. Finally, 1620 Investment Advisors Inc. increased its stake in NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after purchasing an additional 248 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NVDA traded up $3.36 on Friday, hitting $110.93. 312,748,883 shares of the company's stock were exchanged, compared to its average volume of 314,306,813. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $118.95 and a two-hundred day moving average of $130.40. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The firm has a market cap of $2.71 trillion, a PE ratio of 43.66, a P/E/G ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 for the quarter, compared to analysts' expectations of $38.16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Analyst Ratings Changes

Several analysts have commented on the company. Truist Financial lifted their price target on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Mizuho dropped their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. DA Davidson dropped their price objective on NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Finally, HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Thursday, April 3rd. 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.39.

Insider Buying and Selling at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.

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.