NVIDIA Co. (NASDAQ:NVDA) is Transcend Capital Advisors LLC's 9th Largest Position

Transcend Capital Advisors LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,163 shares of the computer hardware maker's stock after selling 5,134 shares during the quarter. NVIDIA comprises 1.4% of Transcend Capital Advisors LLC's holdings, making the stock its 9th biggest position. Transcend Capital Advisors LLC's holdings in NVIDIA were worth $19,494,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NVDA. Compass Planning Associates Inc bought a new position in NVIDIA during the 4th quarter worth $120,000. Cassaday & Co Wealth Management LLC raised its stake in NVIDIA by 1.1% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 160,639 shares of the computer hardware maker's stock valued at $21,572,000 after purchasing an additional 1,735 shares in the last quarter. Grove Street Fiduciary LLC acquired a new position in NVIDIA in the fourth quarter valued at about $759,000. Compass Capital Corp MA ADV bought a new stake in NVIDIA during the fourth quarter worth about $4,852,000. Finally, WP Advisors LLC grew its stake in NVIDIA by 6.7% during the fourth quarter. WP Advisors LLC now owns 59,693 shares of the computer hardware maker's stock worth $8,016,000 after buying an additional 3,773 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

NVIDIA Stock Down 1.6 %

NVIDIA stock traded down $1.76 during trading on Friday, hitting $109.67. 229,047,047 shares of the company were exchanged, compared to its average volume of 314,707,778. The company has a market capitalization of $2.68 trillion, a P/E ratio of 43.16, a PEG ratio of 1.76 and a beta of 1.77. The business's 50 day moving average is $125.01 and its 200 day moving average is $131.50. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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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 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 over the last three months. Corporate insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Susquehanna reaffirmed a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. DA Davidson cut their target price on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Benchmark reiterated a "buy" rating and issued a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $171.51.

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.