Foster Group Inc. Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

Foster Group Inc. lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,786 shares of the computer hardware maker's stock after selling 2,935 shares during the period. Foster Group Inc.'s holdings in NVIDIA were worth $3,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. lifted its position in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock worth $782,000 after buying an additional 5,695 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA during the 2nd quarter worth approximately $31,000. Beck Bode LLC lifted its position in shares of NVIDIA by 698.5% during the 2nd quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker's stock worth $22,591,000 after buying an additional 159,966 shares during the last quarter. Libra Wealth LLC lifted its position in shares of NVIDIA by 918.1% during the 2nd quarter. Libra Wealth LLC now owns 56,646 shares of the computer hardware maker's stock worth $6,998,000 after buying an additional 51,082 shares during the last quarter. Finally, Auxier Asset Management lifted its position in shares of NVIDIA by 900.0% during the 2nd quarter. Auxier Asset Management now owns 2,630 shares of the computer hardware maker's stock worth $325,000 after buying an additional 2,367 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company's stock, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay K. Puri sold 36,462 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. Insiders own 4.23% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NVDA. Bank of America restated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Thursday, November 21st. DA Davidson upped their price target on shares of NVIDIA from $90.00 to $135.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Truist Financial upped their price target on shares of NVIDIA from $148.00 to $167.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Wells Fargo & Company upped their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Finally, Piper Sandler upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.21.

NVIDIA Price Performance

NASDAQ NVDA traded down $5.76 during trading hours on Friday, reaching $134.35. The company's stock had a trading volume of 226,998,737 shares, compared to its average volume of 286,691,776. The stock has a market cap of $3.29 trillion, a PE ratio of 52.87, a PEG ratio of 1.76 and a beta of 1.62. NVIDIA Co. has a fifty-two week low of $74.22 and a fifty-two week high of $153.13. The company's 50-day moving average is $134.66 and its two-hundred day moving average is $131.33. 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 issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm's revenue was up 93.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. Analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

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.