Peddock Capital Advisors LLC Lowers Holdings in NVIDIA Co. (NASDAQ:NVDA)

Peddock Capital Advisors LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,236 shares of the computer hardware maker's stock after selling 4,885 shares during the period. NVIDIA comprises approximately 13.8% of Peddock Capital Advisors LLC's holdings, making the stock its biggest position. Peddock Capital Advisors LLC's holdings in NVIDIA were worth $57,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of NVDA. Quest Partners LLC bought a new position in shares of NVIDIA in the 2nd quarter worth about $27,000. Christopher J. Hasenberg Inc bought a new stake in NVIDIA in the 3rd quarter valued at about $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in NVIDIA in the 2nd quarter valued at about $31,000. Legend Financial Advisors Inc. bought a new stake in NVIDIA in the 4th quarter valued at about $34,000. Finally, West Financial Advisors LLC bought a new stake in NVIDIA in the 3rd quarter valued at about $36,000. 65.27% of the stock is currently owned by institutional investors.

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 716 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now owns 19,942 shares of the company's stock, valued at approximately $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now directly owns 28,671,360 shares in the company, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

NVDA has been the topic of a number of recent analyst reports. Oppenheimer restated an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Thursday, November 21st. Needham & Company LLC boosted their price target on shares of NVIDIA from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Wells Fargo & Company boosted their price target on shares of NVIDIA from $165.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Citigroup boosted their price target on shares of NVIDIA from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $166.23.

NVIDIA Stock Performance

Shares of NVIDIA stock traded up $1.05 on Thursday, reaching $124.75. The stock had a trading volume of 390,509,528 shares, compared to its average volume of 292,494,438. The business's 50-day moving average price is $137.46 and its two-hundred day moving average price is $129.40. 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 Co. has a fifty-two week low of $60.70 and a fifty-two week high of $153.13. The stock has a market cap of $3.06 trillion, a P/E ratio of 49.09, a price-to-earnings-growth ratio of 2.65 and a beta of 1.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion during the quarter, compared to analysts' expectations of $33.15 billion. During the same period in the previous year, the company earned $0.38 earnings per share. NVIDIA's revenue for the quarter was up 93.6% on a year-over-year basis. On average, sell-side analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA's payout ratio is 1.57%.

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.