NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Gradient Investments LLC

Gradient Investments LLC reduced its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 10.2% during the 4th quarter, Holdings Channel reports. The fund owned 77,704 shares of the computer hardware maker’s stock after selling 8,819 shares during the quarter. Gradient Investments LLC’s holdings in NVIDIA were worth $11,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in NVIDIA by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 203,747,246 shares of the computer hardware maker’s stock valued at $24,732,878,000 after acquiring an additional 2,326,387 shares during the period. State Street Corp increased its position in NVIDIA by 0.9% in the 3rd quarter. State Street Corp now owns 98,751,264 shares of the computer hardware maker’s stock valued at $11,987,416,000 after acquiring an additional 908,481 shares during the period. Price T Rowe Associates Inc. MD increased its position in NVIDIA by 7.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker’s stock valued at $8,629,991,000 after acquiring an additional 3,813,087 shares during the period. Legal & General Group Plc increased its position in NVIDIA by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 18,243,948 shares of the computer hardware maker’s stock valued at $2,765,602,000 after acquiring an additional 764,184 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in NVIDIA by 3.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 14,612,261 shares of the computer hardware maker’s stock valued at $2,215,073,000 after purchasing an additional 467,060 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other news, Director Mark L. Perry sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $236.37, for a total value of $4,727,400.00. Following the sale, the director now directly owns 140,000 shares of the company’s stock, valued at $33,091,800. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Mark L. Perry sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $236.37, for a total value of $4,727,400.00. Following the sale, the director now directly owns 140,000 shares of the company’s stock, valued at $33,091,800. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 10,741 shares of the firm’s stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $200.00, for a total value of $2,148,200.00. Following the completion of the sale, the chief financial officer now directly owns 536,960 shares in the company, valued at $107,392,000. The disclosure for this sale can be found here. Insiders have sold a total of 293,066 shares of company stock worth $51,229,679 over the last three months. Corporate insiders own 4.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. Wedbush reaffirmed a “neutral” rating and set a $216.00 price target on shares of NVIDIA in a research note on Thursday. BMO Capital Markets increased their price target on NVIDIA from $210.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 21st. Tigress Financial decreased their price target on NVIDIA from $310.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, December 8th. Jefferies Financial Group increased their price target on NVIDIA from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Finally, JPMorgan Chase & Co. increased their price target on NVIDIA from $220.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $245.32.

NVIDIA Price Performance

Shares of NASDAQ:NVDA opened at $257.25 on Friday. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46. The business has a fifty day simple moving average of $210.84 and a 200 day simple moving average of $166.91. The firm has a market cap of $635.41 billion, a price-to-earnings ratio of 147.84, a P/E/G ratio of 4.27 and a beta of 1.76.

NVIDIA (NASDAQ:NVDA – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company earned $1.14 earnings per share. NVIDIA’s quarterly revenue was down 20.8% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 3.21 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, March 7th. This represents a $0.16 annualized dividend and a yield of 0.06%. NVIDIA’s dividend payout ratio (DPR) is currently 9.20%.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.