Richard Bernstein Advisors LLC Sells 34,260 Shares of NVIDIA Co. (NASDAQ:NVDA)

Richard Bernstein Advisors LLC decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 488,960 shares of the computer hardware maker's stock after selling 34,260 shares during the quarter. NVIDIA comprises approximately 1.5% of Richard Bernstein Advisors LLC's portfolio, making the stock its 18th biggest holding. Richard Bernstein Advisors LLC's holdings in NVIDIA were worth $65,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hoertkorn Richard Charles lifted its stake in NVIDIA by 2.0% during the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock worth $424,000 after purchasing an additional 70 shares during the period. DiNuzzo Private Wealth Inc. boosted its stake in NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after buying an additional 71 shares in the last quarter. Smart Portfolios LLC raised its stake in NVIDIA by 2.7% during the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock worth $341,000 after acquiring an additional 75 shares in the last quarter. Palisade Asset Management LLC boosted its stake in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares in the last quarter. Finally, Baker Boyer National Bank boosted its holdings in shares of NVIDIA by 3.3% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

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Insiders Place Their Bets

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares in the company, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 over the last ninety days. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NVDA traded down $8.62 during midday trading on Thursday, reaching $101.80. The stock had a trading volume of 335,022,532 shares, compared to its average volume of 312,976,744. The firm has a market cap of $2.48 trillion, a PE ratio of 40.06, a P/E/G ratio of 1.76 and a beta of 1.77. The firm has a 50 day simple moving average of $123.07 and a 200-day simple moving average of $131.32. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95. 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 (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

NVDA has been the subject of a number of research analyst reports. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. DA Davidson dropped their target price on NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Barclays raised their price target on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, January 17th. Finally, Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $169.89.

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.