Tocqueville Asset Management L.P. cut its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 42.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 198,811 shares of the computer hardware maker’s stock after selling 149,325 shares during the period. Tocqueville Asset Management L.P.’s holdings in NVIDIA were worth $46,780,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Sanders Morris Harris LLC grew its stake in NVIDIA by 1.0% during the 4th quarter. Sanders Morris Harris LLC now owns 4,904 shares of the computer hardware maker’s stock valued at $1,123,000 after purchasing an additional 48 shares in the last quarter. WealthPLAN Partners LLC grew its stake in NVIDIA by 2.7% during the 3rd quarter. WealthPLAN Partners LLC now owns 1,952 shares of the computer hardware maker’s stock valued at $407,000 after purchasing an additional 51 shares in the last quarter. New England Investment & Retirement Group Inc. grew its stake in NVIDIA by 2.0% during the 3rd quarter. New England Investment & Retirement Group Inc. now owns 2,625 shares of the computer hardware maker’s stock valued at $457,000 after purchasing an additional 52 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in NVIDIA by 5.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,131 shares of the computer hardware maker’s stock valued at $197,000 after purchasing an additional 56 shares in the last quarter. Finally, First Personal Financial Services grew its stake in NVIDIA by 16.0% during the 3rd quarter. First Personal Financial Services now owns 413 shares of the computer hardware maker’s stock valued at $72,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 65.02% of the company’s stock.

NVDA traded down $4.70 during trading hours on Tuesday, hitting $247.28. The company’s stock had a trading volume of 8,974,845 shares, compared to its average volume of 7,087,873. NVIDIA Co. has a fifty-two week low of $131.00 and a fifty-two week high of $252.99. The company has a current ratio of 8.42, a quick ratio of 7.71 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $151.34 billion, a PE ratio of 40.74, a PEG ratio of 6.05 and a beta of 2.04. The company has a 50-day simple moving average of $228.71 and a 200 day simple moving average of $191.10.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Thursday, November 14th. The computer hardware maker reported $1.78 EPS for the quarter, beating the consensus estimate of $1.57 by $0.21. NVIDIA had a return on equity of 22.02% and a net margin of 24.08%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the firm earned $1.84 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. Research analysts expect that NVIDIA Co. will post 4.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, November 29th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Wednesday, November 27th. NVIDIA’s dividend payout ratio (DPR) is presently 10.54%.

A number of brokerages have weighed in on NVDA. Craig Hallum restated a “positive” rating and set a $300.00 price objective (up previously from $255.00) on shares of NVIDIA in a research note on Monday. Deutsche Bank increased their target price on NVIDIA from $160.00 to $190.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Rosenblatt Securities reaffirmed a “buy” rating and set a $240.00 target price on shares of NVIDIA in a report on Friday, November 15th. SunTrust Banks increased their target price on NVIDIA from $216.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 15th. They noted that the move was a valuation call. Finally, Jefferies Financial Group raised their price target on NVIDIA from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $227.61.

In related news, CFO Colette Kress sold 2,000 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $235.43, for a total value of $470,860.00. Following the transaction, the chief financial officer now directly owns 169,989 shares in the company, valued at approximately $40,020,510.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 20,000 shares of NVIDIA stock in a transaction on Monday, November 18th. The stock was sold at an average price of $212.75, for a total value of $4,255,000.00. Following the completion of the transaction, the director now owns 22,221 shares in the company, valued at $4,727,517.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,785 shares of company stock worth $9,965,644. 4.64% of the stock is owned by insiders.

About NVIDIA

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets 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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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