Sterling Investment Counsel LLC Reduces Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Sterling Investment Counsel LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 29.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,093 shares of the computer hardware maker's stock after selling 11,495 shares during the period. NVIDIA accounts for 2.4% of Sterling Investment Counsel LLC's holdings, making the stock its 9th biggest position. Sterling Investment Counsel LLC's holdings in NVIDIA were worth $3,638,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Hoertkorn Richard Charles boosted its stake in shares of NVIDIA by 2.0% during the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after purchasing an additional 70 shares in the last quarter. Smart Portfolios LLC boosted its stake in shares of NVIDIA by 2.7% during the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after purchasing an additional 75 shares in the last quarter. Palisade Asset Management LLC boosted its stake in shares of NVIDIA by 0.5% during the third 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. Kwmg LLC boosted its stake in shares of NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock valued at $1,755,000 after purchasing an additional 77 shares in the last quarter. Finally, Total Wealth Planning LLC boosted its stake in shares of NVIDIA by 3.6% during the third quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker's stock valued at $276,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NVDA shares. Rosenblatt Securities reissued a "buy" rating and set a $220.00 price target on shares of NVIDIA in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a "hold" rating in a research report on Thursday, November 21st. HSBC lowered their price objective on NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Needham & Company LLC raised their price objective on NVIDIA from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, DA Davidson raised their price objective on NVIDIA from $90.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. 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 stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus price target of $168.21.

NVIDIA Stock Down 4.1 %

Shares of NASDAQ:NVDA opened at $134.35 on Friday. The stock has a market cap of $3.29 trillion, a price-to-earnings ratio of 52.87, a PEG ratio of 1.75 and a beta of 1.62. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12-month low of $74.22 and a 12-month high of $153.13. The business's 50 day moving average is $134.66 and its 200 day moving average is $131.14.

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

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total value of $608,760.00. Following the transaction, the insider now owns 480,899 shares of the company's stock, valued at approximately $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 66,670 shares of the business's 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 directly owns 3,351,572 shares in the company, valued at approximately $453,802,848.80. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,108,348 shares of company stock valued at $146,506,958. Insiders own 4.23% of the company's stock.

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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