Mitchell Capital Management Co. Sells 3,125 Shares of NVIDIA Co. (NASDAQ:NVDA)

Mitchell Capital Management Co. decreased its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,171 shares of the computer hardware maker's stock after selling 3,125 shares during the period. NVIDIA comprises 8.0% of Mitchell Capital Management Co.'s investment portfolio, making the stock its biggest position. Mitchell Capital Management Co.'s holdings in NVIDIA were worth $45,682,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NVDA. Levin Capital Strategies L.P. increased its position in shares of NVIDIA by 10.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 19,403 shares of the computer hardware maker's stock worth $2,606,000 after acquiring an additional 1,765 shares during the period. Duncker Streett & Co. Inc. increased its holdings in NVIDIA by 1.4% during the 4th quarter. Duncker Streett & Co. Inc. now owns 119,560 shares of the computer hardware maker's stock worth $16,056,000 after purchasing an additional 1,596 shares during the period. Sherman Asset Management Inc. acquired a new stake in NVIDIA in the 4th quarter valued at about $934,000. Spectrum Wealth Counsel LLC boosted its stake in shares of NVIDIA by 1.8% in the 4th quarter. Spectrum Wealth Counsel LLC now owns 83,621 shares of the computer hardware maker's stock valued at $11,229,000 after buying an additional 1,461 shares during the period. Finally, Onefund LLC grew its position in shares of NVIDIA by 3.1% during the fourth quarter. Onefund LLC now owns 66,475 shares of the computer hardware maker's stock worth $8,927,000 after buying an additional 1,983 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity

In related news, 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 transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The shares were 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 owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 over the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NVDA. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. 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 note on Thursday, April 3rd. William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Finally, Barclays raised their target price on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $169.01.

NVIDIA Price Performance

Shares of NVDA traded down $6.76 during trading hours on Thursday, reaching $107.57. The company had a trading volume of 435,486,709 shares, compared to its average volume of 315,222,521. The company has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 42.33, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. The firm has a 50 day simple moving average of $119.10 and a 200-day simple moving average of $130.45. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.