Sanctuary Advisors LLC Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

Sanctuary Advisors LLC decreased its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,811,440 shares of the computer hardware maker's stock after selling 146,160 shares during the quarter. NVIDIA comprises approximately 2.2% of Sanctuary Advisors LLC's investment portfolio, making the stock its 2nd biggest position. Sanctuary Advisors LLC's holdings in NVIDIA were worth $350,446,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NVDA. Hoertkorn Richard Charles increased its stake in shares of NVIDIA by 2.0% in the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after buying an additional 70 shares during the period. DiNuzzo Private Wealth Inc. grew its holdings in NVIDIA by 0.8% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after acquiring an additional 71 shares during the last quarter. Smart Portfolios LLC increased its position in NVIDIA by 2.7% in the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after acquiring an additional 75 shares during the period. Palisade Asset Management LLC raised its stake in shares of NVIDIA by 0.5% during the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after acquiring an additional 75 shares during the last quarter. Finally, Baker Boyer National Bank lifted its holdings in shares of NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after purchasing an additional 76 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

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NVIDIA Stock Performance

NVDA stock traded up $3.71 during mid-day trading on Monday, hitting $121.41. The company had a trading volume of 227,536,150 shares, compared to its average volume of 314,768,263. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The stock's fifty day moving average price is $126.68 and its two-hundred day moving average price is $131.46. The firm has a market cap of $2.96 trillion, a PE ratio of 47.78, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

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

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction on Friday, March 21st. The stock was 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 represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 179,109 shares of company stock valued at $22,117,015 over the last three months. 4.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. Susquehanna reaffirmed a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. William Blair reissued an "outperform" rating on shares of NVIDIA in a research report on Thursday. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, DA Davidson decreased their price objective on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.

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.