NVIDIA Co. (NASDAQ:NVDA) Shares Sold by RPG Investment Advisory LLC

RPG Investment Advisory LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 411,551 shares of the computer hardware maker's stock after selling 4,357 shares during the quarter. NVIDIA makes up about 7.4% of RPG Investment Advisory LLC's holdings, making the stock its biggest holding. RPG Investment Advisory LLC's holdings in NVIDIA were worth $55,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hardman Johnston Global Advisors LLC lifted its holdings in NVIDIA by 6.1% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 738,429 shares of the computer hardware maker's stock worth $99,164,000 after buying an additional 42,753 shares during the last quarter. Mainstay Capital Management LLC ADV raised its position in shares of NVIDIA by 12.9% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 31,707 shares of the computer hardware maker's stock worth $4,258,000 after acquiring an additional 3,617 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in NVIDIA by 0.8% during the fourth quarter. Capital Advisors Ltd. LLC now owns 17,365 shares of the computer hardware maker's stock worth $2,332,000 after purchasing an additional 140 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in NVIDIA in the fourth quarter valued at approximately $803,000. Finally, Colonial River Investments LLC increased its stake in NVIDIA by 2.2% in the fourth quarter. Colonial River Investments LLC now owns 89,696 shares of the computer hardware maker's stock valued at $12,045,000 after purchasing an additional 1,921 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

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Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, 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. In the last 90 days, insiders have sold 183,609 shares of company stock valued at $22,642,615. 4.23% of the stock is owned by corporate insiders.

NVIDIA Price Performance

NVIDIA stock traded up $1.77 during trading hours on Tuesday, hitting $110.15. The stock had a trading volume of 216,699,398 shares, compared to its average volume of 314,275,604. The stock has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 43.35, 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. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The stock's fifty day moving average is $124.42 and its two-hundred day moving average is $131.53.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The firm 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%. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced 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 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Analysts Set New Price Targets

NVDA has been the subject of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $220.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Wedbush reissued an "outperform" rating and issued a $175.00 target price on shares of NVIDIA in a research report on Thursday, February 20th. Finally, Stifel Nicolaus set a $180.00 price target on NVIDIA in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NVIDIA currently has an average rating of "Moderate Buy" and a consensus price target of $171.51.

NVIDIA Company 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.