Berkshire Asset Management LLC PA Sells 32,821 Shares of NVIDIA Co. (NASDAQ:NVDA)

Berkshire Asset Management LLC PA trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 62.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,712 shares of the computer hardware maker's stock after selling 32,821 shares during the period. Berkshire Asset Management LLC PA's holdings in NVIDIA were worth $2,811,000 at the end of the most recent quarter.

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

NVIDIA Trading Up 3.1 %

NASDAQ:NVDA traded up $3.36 during midday trading on Friday, hitting $110.93. 312,748,883 shares of the company traded hands, compared to its average volume of 314,750,490. The firm has a market capitalization of $2.71 trillion, a P/E ratio of 43.66, a P/E/G ratio of 1.76 and a beta of 1.96. The firm's fifty day moving average is $118.95 and its 200-day moving average is $130.36. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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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 business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is 1.36%.

Analysts Set New Price Targets

NVDA has been the topic of several research reports. Susquehanna reissued a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Citigroup reduced their target price on shares of NVIDIA from $163.00 to $150.00 and set a "buy" rating for the company in a report on Friday. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Finally, Morgan Stanley set a $162.00 price objective on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.39.

Insider Transactions at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated 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 in the company, valued at $6,300,891.36. This trade represents a 27.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction dated 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 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 three months, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by company insiders.

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.