YHB Investment Advisors Inc. Sells 4,795 Shares of NVIDIA Co. (NASDAQ:NVDA)

YHB Investment Advisors Inc. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 224,986 shares of the computer hardware maker's stock after selling 4,795 shares during the quarter. NVIDIA comprises about 2.5% of YHB Investment Advisors Inc.'s investment portfolio, making the stock its 7th largest position. YHB Investment Advisors Inc.'s holdings in NVIDIA were worth $30,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Hoertkorn Richard Charles raised its stake in shares of NVIDIA by 2.0% during the third quarter. Hoertkorn Richard Charles now owns 3,490 shares of the computer hardware maker's stock valued at $424,000 after purchasing an additional 70 shares during the period. Smart Portfolios LLC raised its stake in shares of NVIDIA by 2.7% during the third quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock valued at $341,000 after purchasing an additional 75 shares during the period. Palisade Asset Management LLC raised its stake in shares of NVIDIA by 0.5% during the third quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after purchasing an additional 75 shares during the period. Kwmg LLC raised its stake in shares of NVIDIA by 0.6% during the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock valued at $1,755,000 after purchasing an additional 77 shares during the period. Finally, Total Wealth Planning LLC raised its stake in shares of NVIDIA by 3.6% during the third quarter. Total Wealth Planning LLC now owns 2,275 shares of the computer hardware maker's stock valued at $276,000 after purchasing an additional 78 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Price Performance

Shares of NASDAQ NVDA opened at $134.35 on Friday. NVIDIA Co. has a fifty-two week low of $74.22 and a fifty-two week high of $153.13. The firm's 50-day simple moving average is $134.66 and its 200 day simple moving average is $131.14. 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 $3.29 trillion, a P/E 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 issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $35.08 billion for the quarter, compared to analysts' expectations of $33.15 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The company's revenue was up 93.6% on a year-over-year basis. Equities analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 716 shares of NVIDIA stock in a transaction dated 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 in the company, valued at $2,831,764. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of the business's stock in a transaction dated Monday, December 16th. The stock was 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 in the company, valued at approximately $3,763,402,713.60. This trade represents a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock worth $146,506,958 over the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NVDA has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on shares of NVIDIA from $155.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Tigress Financial upgraded shares of NVIDIA from a "buy" rating to a "strong-buy" rating and lifted their price objective for the company from $170.00 to $220.00 in a research note on Tuesday, January 28th. Mizuho lifted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Finally, Raymond James lifted their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a "strong-buy" rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA has a consensus rating of "Moderate Buy" and an average price target of $168.21.

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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