Silicon Valley Capital Partners Sells 25,020 Shares of NVIDIA Co. (NASDAQ:NVDA)

Silicon Valley Capital Partners lessened its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 256,878 shares of the computer hardware maker's stock after selling 25,020 shares during the period. NVIDIA comprises about 3.8% of Silicon Valley Capital Partners' portfolio, making the stock its 9th biggest position. Silicon Valley Capital Partners' holdings in NVIDIA were worth $34,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Opal Wealth Advisors LLC increased its position in shares of NVIDIA by 0.8% during the fourth quarter. Opal Wealth Advisors LLC now owns 20,762 shares of the computer hardware maker's stock worth $2,788,000 after buying an additional 165 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in NVIDIA during the fourth quarter valued at $126,000. Comprehensive Financial Planning Inc. PA bought a new stake in NVIDIA during the fourth quarter valued at $6,516,000. Ferguson Wellman Capital Management Inc. grew its holdings in NVIDIA by 1.2% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,840,437 shares of the computer hardware maker's stock worth $247,152,000 after acquiring an additional 21,948 shares during the period. Finally, Elevate Capital Advisors LLC bought a new position in shares of NVIDIA in the 4th quarter worth about $273,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Insiders Place Their Bets

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total value of $131,260,000.00. Following the completion of the sale, the director now directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,110,295 shares of company stock worth $146,698,216 in the last quarter. 4.23% of the stock is owned by company insiders.

NVIDIA Trading Up 6.4 %

Shares of NVIDIA stock opened at $115.74 on Thursday. The stock has a fifty day moving average price of $130.17 and a 200-day moving average price of $131.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm has a market cap of $2.82 trillion, a PE ratio of 45.55, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $153.13.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (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 the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is 1.36%.

Wall Street Analysts Forecast Growth

NVDA has been the topic of several research analyst reports. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Thursday, February 27th. Bank of America increased their price target on NVIDIA from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, February 20th. Morgan Stanley reissued an "overweight" rating and set a $162.00 target price (up from $152.00) on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NVIDIA from $155.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Four equities research 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.69.

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.

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