Stiles Financial Services Inc Sells 2,824 Shares of NVIDIA Co. (NASDAQ:NVDA)

Stiles Financial Services Inc cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,149 shares of the computer hardware maker's stock after selling 2,824 shares during the quarter. NVIDIA comprises about 7.3% of Stiles Financial Services Inc's investment portfolio, making the stock its largest position. Stiles Financial Services Inc's holdings in NVIDIA were worth $20,298,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Christopher J. Hasenberg Inc acquired a new stake in NVIDIA in the 3rd quarter valued at about $27,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA in the 4th quarter valued at about $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter valued at about $40,000. DHJJ Financial Advisors Ltd. lifted its holdings in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after purchasing an additional 140 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in NVIDIA in the 4th quarter valued at about $46,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Trading Up 1.7 %

Shares of NASDAQ NVDA opened at $108.76 on Wednesday. The stock has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a PEG ratio of 1.76 and a beta of 1.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business has a 50 day simple moving average of $130.54 and a 200 day simple moving average of $131.42. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13.

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NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results 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 firm 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%. On average, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is 1.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NVDA. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Raymond James increased their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a report on Thursday, November 14th. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Phillip Securities reissued an "accumulate" rating and set a $160.00 target price (up previously from $155.00) on shares of NVIDIA in a research report on Friday, November 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of "Moderate Buy" and an average price target of $171.69.

Insider Activity

In related news, Director Tench Coxe sold 1,000,000 shares of the company's 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 directly owns 28,671,360 shares in the company, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value of $608,760.00. Following the completion of the transaction, the insider now owns 480,899 shares of the company's stock, valued at $65,056,016.72. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,107,632 shares of company stock valued at $146,405,286. 4.23% of the stock is 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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