Trifecta Capital Advisors LLC Has $27.59 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Trifecta Capital Advisors LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 205,444 shares of the computer hardware maker's stock after selling 2,707 shares during the quarter. NVIDIA makes up about 5.4% of Trifecta Capital Advisors LLC's holdings, making the stock its 3rd biggest holding. Trifecta Capital Advisors LLC's holdings in NVIDIA were worth $27,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $34,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at $40,000. DHJJ Financial Advisors Ltd. boosted its stake in shares of NVIDIA by 70.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares during the period. Lowe Wealth Advisors LLC purchased a new position in shares of NVIDIA during the 4th quarter valued at $46,000. Finally, 1620 Investment Advisors Inc. increased its stake in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after acquiring an additional 248 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 183,609 shares of company stock valued at $22,642,615. Corporate insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NVDA. Benchmark reissued a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Summit Insights lowered NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. DA Davidson dropped their price objective on NVIDIA from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Needham & Company LLC restated a "buy" rating and set a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $169.89.

NVIDIA Stock Performance

Shares of NASDAQ NVDA traded down $7.49 during trading hours on Friday, reaching $94.31. The stock had a trading volume of 529,399,816 shares, compared to its average volume of 313,153,458. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business's fifty day moving average is $121.20 and its two-hundred day moving average is $130.96. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. 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 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.