Private Harbour Investment Management & Counsel LLC Has $8.82 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Private Harbour Investment Management & Counsel LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,653 shares of the computer hardware maker's stock after selling 3,480 shares during the quarter. NVIDIA accounts for approximately 9.7% of Private Harbour Investment Management & Counsel LLC's investment portfolio, making the stock its 2nd biggest position. Private Harbour Investment Management & Counsel LLC's holdings in NVIDIA were worth $8,817,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NVDA. Hickory Point Bank & Trust bought a new position in shares of NVIDIA in the fourth quarter worth about $2,272,000. Capital Performance Advisors LLP increased its stake in shares of NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after buying an additional 9,944 shares during the period. Ethos Financial Group LLC increased its position in NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock valued at $4,312,000 after purchasing an additional 6,241 shares during the period. Metis Global Partners LLC increased its position in NVIDIA by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock valued at $196,711,000 after purchasing an additional 50,978 shares during the period. Finally, Candriam S.C.A. increased its position in NVIDIA by 0.5% during the 4th quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock valued at $948,229,000 after purchasing an additional 35,684 shares during the period. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 2.0 %

NVDA stock opened at $108.76 on Tuesday. The company has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.96. 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 Co. has a 12 month low of $81.25 and a 12 month high of $195.95. The firm has a 50-day moving average of $112.60 and a two-hundred day moving average of $128.76.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 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%. As a group, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on NVDA shares. DA Davidson cut their price target on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Barclays decreased their target price on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.96.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were 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 owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was 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 $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 in the last 90 days. Company insiders own 4.23% of the company's stock.

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.

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