NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Value Star Asset Management Hong Kong Ltd

Value Star Asset Management Hong Kong Ltd trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 33.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,690 shares of the computer hardware maker’s stock after selling 16,660 shares during the quarter. NVIDIA accounts for about 5.5% of Value Star Asset Management Hong Kong Ltd’s portfolio, making the stock its 8th biggest holding. Value Star Asset Management Hong Kong Ltd’s holdings in NVIDIA were worth $16,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Your Advocates Ltd. LLP acquired a new stake in NVIDIA during the 3rd quarter worth about $30,000. Trivant Custom Portfolio Group LLC increased its holdings in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Beacon Capital Management Inc. acquired a new position in shares of NVIDIA in the 4th quarter valued at about $50,000. Valued Wealth Advisors LLC acquired a new position in shares of NVIDIA in the 4th quarter valued at about $52,000. Finally, Compass Wealth Management LLC increased its holdings in shares of NVIDIA by 23.5% in the 4th quarter. Compass Wealth Management LLC now owns 147 shares of the computer hardware maker’s stock valued at $73,000 after purchasing an additional 28 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NVDA. Raymond James upped their target price on NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a report on Thursday, April 11th. HSBC increased their price objective on NVIDIA from $880.00 to $1,050.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Stifel Nicolaus restated a “buy” rating and issued a $910.00 price objective on shares of NVIDIA in a report on Wednesday, March 20th. The Goldman Sachs Group increased their price objective on NVIDIA from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group increased their price objective on NVIDIA from $1,100.00 to $1,150.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $944.05.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of 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 worth $52,689,898. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Down 1.8 %

Shares of NVDA stock opened at $887.47 on Friday. The stock has a market cap of $2.22 trillion, a P/E ratio of 74.33, a price-to-earnings-growth ratio of 1.27 and a beta of 1.75. NVIDIA Co. has a one year low of $280.46 and a one year high of $974.00. The stock has a fifty day moving average price of $874.91 and a 200 day moving average price of $661.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67.

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

NVIDIA Dividend Announcement

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