NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,869 shares of the computer hardware maker's stock after selling 3,562 shares during the quarter. NVIDIA accounts for approximately 2.5% of Soltis Investment Advisors LLC's holdings, making the stock its 3rd biggest position. Soltis Investment Advisors LLC's holdings in NVIDIA were worth $26,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc bought a new stake in shares of NVIDIA in the 3rd quarter valued at about $27,000. Quest Partners LLC bought a new position in shares of NVIDIA during the second quarter worth $27,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of NVIDIA in the second quarter worth about $31,000. West Financial Advisors LLC bought a new position in shares of NVIDIA during the 3rd quarter valued at about $36,000. Finally, DHJJ Financial Advisors Ltd. increased its stake in NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock worth $41,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Activity

In other news, Director John Dabiri sold 716 shares of the firm'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 completion of the transaction, the director now owns 19,942 shares of the company's stock, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the firm'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 approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,108,348 shares of company stock worth $146,506,958. Insiders own 4.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NVDA shares. Wedbush upped their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Redburn Atlantic began coverage on NVIDIA in a report on Tuesday, November 12th. They set a "buy" rating and a $178.00 target price for the company. Wells Fargo & Company boosted their price target on NVIDIA from $165.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Raymond James lifted their target price on NVIDIA from $140.00 to $170.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 14th. Finally, Truist Financial raised their price target on shares of NVIDIA from $148.00 to $167.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.63.

NVIDIA Price Performance

NVDA stock opened at $140.83 on Wednesday. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.45 trillion, a P/E ratio of 55.42, a P/E/G ratio of 2.48 and a beta of 1.64. The company's 50-day moving average price is $138.84 and its two-hundred day moving average price is $129.11. NVIDIA Co. has a 12 month low of $58.58 and a 12 month high of $153.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for 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 company's revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. On average, analysts anticipate that NVIDIA Co. will post 2.78 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA's dividend payout ratio (DPR) is presently 1.57%.

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.