Qsemble Capital Management LP Sells 11,243 Shares of NVIDIA Co. (NASDAQ:NVDA)

Qsemble Capital Management LP reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 70.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,653 shares of the computer hardware maker's stock after selling 11,243 shares during the period. Qsemble Capital Management LP's holdings in NVIDIA were worth $565,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Quest Partners LLC acquired a new stake in shares of NVIDIA in the second quarter valued at approximately $27,000. Christopher J. Hasenberg Inc bought a new position in NVIDIA in the third quarter valued at $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in NVIDIA in the 2nd quarter valued at $31,000. West Financial Advisors LLC bought a new stake in NVIDIA during the 3rd quarter worth about $36,000. Finally, DHJJ Financial Advisors Ltd. boosted its stake in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after buying an additional 140 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NASDAQ:NVDA traded down $4.20 during trading hours on Friday, hitting $135.91. The company's stock had a trading volume of 206,807,225 shares, compared to its average volume of 246,463,734. The company has a market capitalization of $3.33 trillion, a P/E ratio of 53.49, a PEG ratio of 2.43 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a twelve month low of $53.56 and a twelve month high of $153.13. The stock has a fifty day simple moving average of $139.90 and a 200-day simple moving average of $128.70.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period in the previous year, the firm posted $0.38 EPS. The firm's revenue was up 93.6% on a year-over-year basis. On average, analysts anticipate that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's dividend payout ratio (DPR) is 1.57%.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on NVIDIA from $155.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Rosenblatt Securities reiterated a "buy" rating and set a $220.00 price objective on shares of NVIDIA in a research note on Wednesday. The Goldman Sachs Group raised their target price on shares of NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. DA Davidson upped their price target on shares of NVIDIA from $90.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Finally, Mizuho upped their target price on shares of NVIDIA from $165.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.63.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 716 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $142.00, for a total value of $101,672.00. Following the completion of the sale, the director now owns 19,942 shares in the company, valued at $2,831,764. This trade represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,108,348 shares of company stock worth $146,506,958 in the last 90 days. Insiders own 4.23% of the company's stock.

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.