Prospect Financial Services LLC Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

Prospect Financial Services LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,220 shares of the computer hardware maker's stock after selling 1,941 shares during the period. NVIDIA comprises approximately 3.8% of Prospect Financial Services LLC's investment portfolio, making the stock its 6th largest holding. Prospect Financial Services LLC's holdings in NVIDIA were worth $6,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Ironwood Wealth Management LLC. increased its position in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker's stock valued at $782,000 after purchasing an additional 5,695 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $31,000. Beck Bode LLC increased its position in shares of NVIDIA by 698.5% during the 2nd quarter. Beck Bode LLC now owns 182,866 shares of the computer hardware maker's stock valued at $22,591,000 after purchasing an additional 159,966 shares during the last quarter. Beaton Management Co. Inc. increased its position in shares of NVIDIA by 888.5% during the 2nd quarter. Beaton Management Co. Inc. now owns 67,310 shares of the computer hardware maker's stock valued at $8,315,000 after purchasing an additional 60,501 shares during the last quarter. Finally, Drexel Morgan & Co. purchased a new stake in shares of NVIDIA during the 2nd quarter valued at $222,000. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Stock Down 4.1 %

Shares of NVDA opened at $134.35 on Friday. The firm has a market cap of $3.29 trillion, a P/E ratio of 52.87, a P/E/G ratio of 1.75 and a beta of 1.62. The stock has a 50 day simple moving average of $134.66 and a two-hundred day simple moving average of $131.14. 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 $74.22 and a 1 year high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. The firm had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's quarterly revenue was up 93.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NVDA shares. JPMorgan Chase & Co. raised their target price on NVIDIA from $155.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Oppenheimer reissued an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a report on Thursday, November 21st. Evercore ISI lifted their price objective on NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Robert W. Baird lifted their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, Tigress Financial raised NVIDIA from a "buy" rating to a "strong-buy" rating and lifted their price objective for the stock from $170.00 to $220.00 in a report on Tuesday, January 28th. 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $168.21.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.40, for a total value of $9,027,118.00. Following the completion of the transaction, the chief financial officer now owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tench Coxe sold 1,000,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the transaction, the director now owns 28,671,360 shares of the company's stock, valued at approximately $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 90 days, insiders sold 1,108,348 shares of company stock valued at $146,506,958. 4.23% of the stock is currently owned by company insiders.

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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