Vantage Investment Partners LLC Reduces Stake in NVIDIA Co. (NASDAQ:NVDA)

Vantage Investment Partners LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,937 shares of the computer hardware maker's stock after selling 2,662 shares during the period. Vantage Investment Partners LLC's holdings in NVIDIA were worth $8,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in NVIDIA in the 3rd quarter worth $27,000. University of Texas Texas AM Investment Management Co. bought a new position in NVIDIA in the 2nd quarter worth $31,000. Legend Financial Advisors Inc. bought a new position in NVIDIA in the 4th quarter worth $34,000. West Financial Advisors LLC bought a new position in NVIDIA in the 3rd quarter worth $36,000. Finally, DHJJ Financial Advisors Ltd. raised 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 worth $41,000 after purchasing an additional 140 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Loop Capital reaffirmed a "buy" rating and issued a $175.00 target price on shares of NVIDIA in a report on Wednesday, November 20th. Melius Research raised their target price on NVIDIA from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Needham & Company LLC raised their price target on NVIDIA from $145.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Stifel Nicolaus raised their price target on NVIDIA from $165.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Redburn Atlantic assumed coverage on NVIDIA in a report on Tuesday, November 12th. They set a "buy" rating and a $178.00 price target on the stock. Four research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $168.21.

Insider Activity

In other news, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the completion of the sale, the director now owns 28,671,360 shares of the company's stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $142.00, for a total transaction of $101,672.00. Following the sale, the director now directly owns 19,942 shares of the company's stock, valued at $2,831,764. This represents a 3.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,108,348 shares of company stock valued at $146,506,958. Corporate insiders own 4.23% of the company's stock.

NVIDIA Stock Performance

NVIDIA stock opened at $134.35 on Friday. The company has a 50 day moving average price of $134.66 and a 200-day moving average price of $131.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a fifty-two week low of $74.22 and a fifty-two week high of $153.13. The company has a market capitalization of $3.29 trillion, a PE ratio of 52.87, a P/E/G ratio of 1.75 and a beta of 1.62.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company's revenue was up 93.6% on a year-over-year basis. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

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.

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