NVIDIA Corporation $NVDA Shares Sold by Alexander Labrunerie & CO. Inc.

Alexander Labrunerie & CO. Inc. cut its position in shares of NVIDIA Corporation (NASDAQ:NVDAFree Report) by 11.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 53,426 shares of the computer hardware maker’s stock after selling 6,664 shares during the period. NVIDIA accounts for 3.7% of Alexander Labrunerie & CO. Inc.’s investment portfolio, making the stock its 8th biggest position. Alexander Labrunerie & CO. Inc.’s holdings in NVIDIA were worth $9,968,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Winnow Wealth LLC bought a new position in NVIDIA in the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC raised its holdings in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the second quarter worth approximately $40,000. Sellwood Investment Partners LLC acquired a new position in shares of NVIDIA during the third quarter worth approximately $50,000. Finally, EDENTREE ASSET MANAGEMENT Ltd bought a new position in NVIDIA in the 2nd quarter worth approximately $54,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NVDA shares. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a research report on Thursday, February 26th. Truist Financial increased their price target on NVIDIA from $283.00 to $287.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen reissued a “buy” rating and set a $235.00 price target on shares of NVIDIA in a report on Tuesday. Fundamental Research set a $218.00 price objective on shares of NVIDIA in a research note on Thursday, February 26th. Finally, Wolfe Research upped their price objective on shares of NVIDIA from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $275.40.

Check Out Our Latest Report on NVIDIA

Insider Buying and Selling at NVIDIA

In related news, CFO Colette Kress sold 27,640 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $175.72, for a total transaction of $4,856,900.80. Following the transaction, the chief financial officer owned 846,772 shares of the company’s stock, valued at approximately $148,794,775.84. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 3,004 shares of NVIDIA stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $184.90, for a total transaction of $555,439.60. Following the completion of the sale, the director owned 14,788 shares of the company’s stock, valued at $2,734,301.20. This trade represents a 16.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 798,284 shares of company stock worth $146,064,329 over the last 90 days. 4.17% of the stock is currently owned by corporate insiders.

Key NVIDIA News

Here are the key news stories impacting NVIDIA this week:

NVIDIA Trading Down 0.9%

NASDAQ NVDA opened at $178.81 on Friday. The firm’s 50 day moving average price is $184.84 and its two-hundred day moving average price is $184.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.24 and a current ratio of 3.91. NVIDIA Corporation has a twelve month low of $86.62 and a twelve month high of $212.19. The stock has a market cap of $4.34 trillion, a price-to-earnings ratio of 36.49, a PEG ratio of 0.61 and a beta of 2.33.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Wednesday, February 25th. The computer hardware maker reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.08. The company had revenue of $68.13 billion during the quarter, compared to analyst estimates of $65.56 billion. NVIDIA had a return on equity of 97.37% and a net margin of 55.60%.The company’s revenue for the quarter was up 73.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. Equities analysts anticipate that NVIDIA Corporation will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th will be paid a $0.01 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.0%. NVIDIA’s payout ratio is 0.82%.

About NVIDIA

(Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Featured Stories

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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