Nilsine Partners LLC Cuts Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Nilsine Partners LLC lowered its position in NVIDIA Co. (NASDAQ:NVDA) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,117 shares of the computer hardware maker’s stock after selling 1,063 shares during the period. NVIDIA makes up about 1.9% of Nilsine Partners LLC’s portfolio, making the stock its 11th largest position. Nilsine Partners LLC’s holdings in NVIDIA were worth $13,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. HT Partners LLC grew its position in NVIDIA by 5.9% during the 3rd quarter. HT Partners LLC now owns 2,018 shares of the computer hardware maker’s stock worth $878,000 after purchasing an additional 112 shares during the last quarter. Clarus Group Inc. grew its position in NVIDIA by 1.0% during the 3rd quarter. Clarus Group Inc. now owns 3,910 shares of the computer hardware maker’s stock worth $1,701,000 after purchasing an additional 40 shares during the last quarter. Everence Capital Management Inc. grew its position in NVIDIA by 1.0% during the 3rd quarter. Everence Capital Management Inc. now owns 63,176 shares of the computer hardware maker’s stock worth $27,481,000 after purchasing an additional 600 shares during the last quarter. Legacy Trust grew its position in NVIDIA by 2.0% during the 3rd quarter. Legacy Trust now owns 3,964 shares of the computer hardware maker’s stock worth $1,724,000 after purchasing an additional 76 shares during the last quarter. Finally, Community Trust & Investment Co. grew its position in NVIDIA by 14.2% during the 3rd quarter. Community Trust & Investment Co. now owns 57,356 shares of the computer hardware maker’s stock worth $24,949,000 after purchasing an additional 7,125 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the sale, the director now owns 2,055 shares of the company’s stock, valued at $1,931,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 128 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at approximately $1,931,700. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by company insiders.

NVIDIA Price Performance

Shares of NVIDIA stock traded down $13.55 during trading hours on Tuesday, reaching $864.02. 36,070,525 shares of the company’s stock were exchanged, compared to its average volume of 51,807,828. NVIDIA Co. has a 1 year low of $272.40 and a 1 year high of $974.00. The company has a market capitalization of $2.16 trillion, a P/E ratio of 72.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.73. The business has a fifty day moving average of $860.82 and a two-hundred day moving average of $643.52. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. As a group, research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio is currently 1.34%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVDA shares. Raymond James boosted their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 11th. UBS Group lifted their price objective on shares of NVIDIA from $1,100.00 to $1,150.00 and gave the company a “buy” rating in a research note on Tuesday. Loop Capital began coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Jefferies Financial Group lifted their price objective on shares of NVIDIA from $610.00 to $780.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NVIDIA from $650.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $941.55.

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.