Vestor Capital LLC Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)

Vestor Capital LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 587,910 shares of the computer hardware maker's stock after selling 162,985 shares during the quarter. NVIDIA comprises about 6.0% of Vestor Capital LLC's portfolio, making the stock its 3rd largest position. Vestor Capital LLC's holdings in NVIDIA were worth $78,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tacita Capital Inc bought a new stake in shares of NVIDIA during the fourth quarter worth $28,000. Legend Financial Advisors Inc. acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in NVIDIA during the 4th quarter worth approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in NVIDIA in the 4th quarter valued at approximately $46,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NVDA shares. Needham & Company LLC restated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Thursday, April 3rd. Stifel Nicolaus set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. William Blair restated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Truist Financial upped their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.96.

NVIDIA Stock Performance

NASDAQ NVDA traded up $4.58 on Friday, hitting $111.01. The stock had a trading volume of 250,248,639 shares, compared to its average volume of 304,641,559. NVIDIA Co. has a one year low of $81.25 and a one year high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.71 trillion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.96. The company's 50-day moving average is $113.21 and its two-hundred day moving average is $128.99.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Transactions at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by corporate insiders.

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.