NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Albion Financial Group UT

Albion Financial Group UT decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,256 shares of the computer hardware maker’s stock after selling 76 shares during the quarter. Albion Financial Group UT’s holdings in NVIDIA were worth $2,108,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NVDA. Moody Lynn & Lieberson LLC raised its position in shares of NVIDIA by 7.2% in the 3rd quarter. Moody Lynn & Lieberson LLC now owns 89,053 shares of the computer hardware maker’s stock worth $38,737,000 after buying an additional 5,998 shares during the period. TrueMark Investments LLC purchased a new position in shares of NVIDIA in the 4th quarter worth $2,639,000. McLean Asset Management Corp raised its position in shares of NVIDIA by 11.7% in the 4th quarter. McLean Asset Management Corp now owns 1,773 shares of the computer hardware maker’s stock worth $871,000 after buying an additional 186 shares during the period. Shilanski & Associates Inc. raised its position in shares of NVIDIA by 15.9% in the 4th quarter. Shilanski & Associates Inc. now owns 2,983 shares of the computer hardware maker’s stock worth $1,477,000 after buying an additional 410 shares during the period. Finally, WealthPLAN Partners LLC raised its position in shares of NVIDIA by 14.3% in the 4th quarter. WealthPLAN Partners LLC now owns 7,938 shares of the computer hardware maker’s stock worth $3,931,000 after buying an additional 996 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NVDA shares. Evercore ISI started coverage on NVIDIA in a research report on Tuesday. They issued an “outperform” rating and a $1,160.00 target price on the stock. Craig Hallum increased their target price on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Morgan Stanley raised their price objective on NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Citigroup raised their price objective on NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Argus raised their price objective on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $940.30.

Insider Activity

In other news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, 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 SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NVDA stock opened at $840.35 on Thursday. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average of $840.89 and a two-hundred day moving average of $618.47. NVIDIA Co. has a 52 week low of $262.25 and a 52 week high of $974.00. The company has a market cap of $2.10 trillion, a P/E ratio of 70.38, a PEG ratio of 1.26 and a beta of 1.73.

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

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

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.