Summitry LLC Has $8.31 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Summitry LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,844 shares of the computer hardware maker's stock after selling 7,622 shares during the quarter. Summitry LLC's holdings in NVIDIA were worth $8,305,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Tacita Capital Inc bought a new position in NVIDIA during the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new position in NVIDIA in the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Raymond James reissued a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Company insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $108.76 on Tuesday. 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 stock has a market cap of $2.65 trillion, a price-to-earnings ratio of 42.80, a P/E/G ratio of 1.76 and a beta of 1.96. The company's fifty day moving average is $112.60 and its 200 day moving average is $128.76. NVIDIA Co. has a twelve month low of $81.25 and a twelve month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. Sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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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