NVIDIA Co. (NASDAQ:NVDA) is Oppenheimer Asset Management Inc.'s 7th Largest Position

Oppenheimer Asset Management Inc. trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 895,412 shares of the computer hardware maker's stock after selling 18,818 shares during the quarter. NVIDIA accounts for about 1.5% of Oppenheimer Asset Management Inc.'s portfolio, making the stock its 7th largest position. Oppenheimer Asset Management Inc.'s holdings in NVIDIA were worth $120,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC bought a new position in NVIDIA during the 4th quarter worth approximately $40,000. Lowe Wealth Advisors LLC acquired a new position in shares of NVIDIA in the 4th quarter worth approximately $46,000. 1620 Investment Advisors Inc. boosted its stake in shares of NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock valued at $51,000 after purchasing an additional 248 shares during the last quarter. Finally, Gleason Group Inc. increased its position in shares of NVIDIA by 52.9% during the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after buying an additional 148 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance

NASDAQ NVDA traded up $3.33 on Monday, hitting $97.64. 608,632,566 shares of the stock traded hands, compared to its average volume of 313,994,827. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business's fifty day moving average is $120.78 and its two-hundred day moving average is $131.05. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The firm has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 38.43, a PEG ratio of 1.76 and a beta of 1.96.

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 for the quarter, topping 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 company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced 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 of this dividend 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 Activity

In other news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last quarter. Company insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several recent analyst reports. Bank of America restated a "buy" rating and issued a $200.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Susquehanna reissued a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research note 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. Mizuho dropped their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Finally, Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $169.89.

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.