NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,092 shares of the computer hardware maker's stock after selling 11,866 shares during the quarter. NVIDIA comprises 3.9% of Midwest Professional Planners LTD.'s portfolio, making the stock its 2nd biggest holding. Midwest Professional Planners LTD.'s holdings in NVIDIA were worth $12,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hickory Point Bank & Trust bought a new position in NVIDIA in the fourth quarter valued at approximately $2,272,000. Capital Performance Advisors LLP lifted its stake in shares of NVIDIA by 59.3% in the 4th quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after purchasing an additional 9,944 shares during the period. Ethos Financial Group LLC boosted its position in shares of NVIDIA by 24.1% in the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after purchasing an additional 6,241 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of NVIDIA by 3.6% during the fourth quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after purchasing an additional 50,978 shares during the period. Finally, Candriam S.C.A. increased its holdings in NVIDIA by 0.5% in the fourth quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock valued at $948,229,000 after purchasing an additional 35,684 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In other news, 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 transaction of $7,787,887.80. Following the completion of the sale, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock valued at $17,133,207 over the last ninety days. 4.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVDA has been the topic of a number of recent analyst reports. Susquehanna restated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Wedbush reiterated an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, April 16th. Raymond James reissued a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Finally, TD Cowen dropped their price objective on NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $165.01.

NVIDIA Stock Performance

Shares of NVDA stock traded up $1.98 on Tuesday, reaching $98.89. The stock had a trading volume of 236,352,439 shares, compared to its average volume of 308,248,699. NVIDIA Co. has a 12 month low of $78.22 and a 12 month high of $195.95. The firm has a market capitalization of $2.41 trillion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 1.76 and a beta of 1.96. The firm's 50-day moving average is $115.15 and its two-hundred day moving average is $129.50. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is currently 1.36%.

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.