NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Money Concepts Capital Corp

Money Concepts Capital Corp reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,550 shares of the computer hardware maker's stock after selling 3,496 shares during the period. NVIDIA comprises approximately 0.7% of Money Concepts Capital Corp's holdings, making the stock its 24th largest position. Money Concepts Capital Corp's holdings in NVIDIA were worth $9,877,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc purchased a new position in shares of NVIDIA in the third quarter worth approximately $27,000. Legend Financial Advisors Inc. purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $34,000. West Financial Advisors LLC purchased a new position in shares of NVIDIA in the third quarter worth approximately $36,000. Luken Investment Analytics LLC purchased a new position in shares of NVIDIA in the fourth quarter worth approximately $40,000. Finally, 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 acquiring an additional 140 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NASDAQ:NVDA opened at $117.30 on Thursday. The stock has a market cap of $2.86 trillion, a P/E ratio of 46.16, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The company has a fifty day moving average price of $132.73 and a 200 day moving average price of $131.90. NVIDIA Co. has a one year low of $75.61 and a one year high of $153.13.

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 (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total value of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares of the company's stock, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,670 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,107,632 shares of company stock valued at $146,405,286 in the last 90 days. 4.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVDA. Evercore ISI lifted their target price on shares of NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Citigroup boosted their price objective on shares of NVIDIA from $170.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Thursday, February 27th. Raymond James boosted their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the company a "hold" rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $169.62.

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.

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