NVIDIA Co. (NASDAQ:NVDA) Holdings Trimmed by Good Life Advisors LLC

Good Life Advisors LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 395,066 shares of the computer hardware maker's stock after selling 6,279 shares during the quarter. NVIDIA comprises 3.9% of Good Life Advisors LLC's holdings, making the stock its 4th biggest position. Good Life Advisors LLC's holdings in NVIDIA were worth $53,054,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Legend Financial Advisors Inc. bought a new position in NVIDIA during the 4th quarter worth $34,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the 4th quarter worth $40,000. DHJJ Financial Advisors Ltd. increased its position in shares of NVIDIA by 70.0% in the third 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 during the period. Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the fourth quarter valued at about $46,000. Finally, 1620 Investment Advisors Inc. lifted its position in NVIDIA by 145.9% during the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after purchasing an additional 248 shares during the period. Institutional investors own 65.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NVDA shares. Morgan Stanley set a $162.00 target price on shares of NVIDIA and gave the company an "overweight" rating in a report on Wednesday, March 19th. Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities restated a "buy" rating and set a $220.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Finally, Summit Insights downgraded NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Four equities 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, NVIDIA has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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NVIDIA Trading Down 1.6 %

Shares of NVIDIA stock traded down $1.76 on Friday, reaching $109.67. 229,047,047 shares of the company's stock were exchanged, compared to its average volume of 315,186,387. The firm's 50-day moving average is $125.57 and its two-hundred day moving average is $131.32. The company has a market capitalization of $2.68 trillion, a P/E ratio of 43.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. 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 Co. has a 52 week low of $75.61 and a 52 week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $38.16 billion. Sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is owned by company insiders.

NVIDIA Company 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.