Delta Capital Management LLC Lowers Position in NVIDIA Co. (NASDAQ:NVDA)

Delta Capital Management LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,540 shares of the computer hardware maker’s stock after selling 40 shares during the quarter. Delta Capital Management LLC’s holdings in NVIDIA were worth $1,258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA in the fourth quarter worth $28,000. Peoples Financial Services CORP. bought a new stake in NVIDIA in the third quarter worth $30,000. Your Advocates Ltd. LLP bought a new stake in NVIDIA in the third quarter worth $30,000. Quarry LP bought a new stake in NVIDIA in the first quarter worth $34,000. Finally, Compass Wealth Management LLC bought a new stake in NVIDIA in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 transaction of $4,003,700.00. Following the transaction, the director now owns 1,119,583 shares in the company, valued at $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the transaction, the director now owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is currently owned by insiders.

NVIDIA Stock Performance

NVDA stock opened at $874.15 on Wednesday. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.21, a PEG ratio of 1.27 and a beta of 1.73. The firm has a 50-day simple moving average of $838.10 and a two-hundred day simple moving average of $616.90. NVIDIA Co. has a one year low of $262.25 and a one year high of $974.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s quarterly revenue was up 265.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, equities analysts forecast that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research reports. TD Cowen boosted their price target on shares of NVIDIA from $900.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Bank of America boosted their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. KeyCorp boosted their price objective on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, Tigress Financial boosted their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $940.30.

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.