V2 Financial group LLC Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

V2 Financial group LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,964 shares of the computer hardware maker's stock after selling 14,028 shares during the quarter. NVIDIA comprises about 1.4% of V2 Financial group LLC's holdings, making the stock its 14th largest position. V2 Financial group LLC's holdings in NVIDIA were worth $2,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Wilsey Asset Management Inc. bought a new position in shares of NVIDIA during the 4th quarter valued at about $212,000. Wealthstar Advisors LLC bought a new position in shares of NVIDIA during the 4th quarter valued at about $2,588,000. Martin Capital Advisors LLP increased its position in shares of NVIDIA by 29.2% during the 4th quarter. Martin Capital Advisors LLP now owns 72,723 shares of the computer hardware maker's stock valued at $9,766,000 after purchasing an additional 16,450 shares during the last quarter. HTLF Bank boosted its holdings in NVIDIA by 3.3% during the 4th quarter. HTLF Bank now owns 8,897 shares of the computer hardware maker's stock valued at $1,195,000 after acquiring an additional 284 shares during the period. Finally, Legacy Financial Strategies LLC boosted its holdings in NVIDIA by 3.3% during the 4th quarter. Legacy Financial Strategies LLC now owns 42,614 shares of the computer hardware maker's stock valued at $5,894,000 after acquiring an additional 1,351 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on NVDA. The Goldman Sachs Group increased their target price on NVIDIA from $150.00 to $165.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Truist Financial increased their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Thursday, February 27th. Morgan Stanley restated an "overweight" rating and set a $162.00 target price (up from $152.00) on shares of NVIDIA in a report on Wednesday, February 26th. Finally, Summit Insights cut NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Four equities research 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 company. According to data from MarketBeat.com, NVIDIA presently has an average rating of "Moderate Buy" and a consensus target price of $171.69.

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NVIDIA Stock Up 1.7 %

NVIDIA stock opened at $108.76 on Wednesday. The firm 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 stock has a fifty day simple moving average of $130.54 and a two-hundred day simple moving average of $131.42. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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 business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Colette Kress sold 66,670 shares of NVIDIA 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 sale, the chief financial officer now directly owns 3,351,572 shares of the company's stock, valued at $453,802,848.80. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock valued at $146,405,286 over the last 90 days. Company insiders own 4.23% of the company's stock.

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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