Oppenheimer Asset Management Inc. reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 895,412 shares of the computer hardware maker’s stock after selling 18,818 shares during the quarter. NVIDIA comprises about 1.5% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 7th biggest position. Oppenheimer Asset Management Inc.’s holdings in NVIDIA were worth $120,245,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Luken Investment Analytics LLC purchased a new stake in NVIDIA during the fourth quarter worth $40,000. Lowe Wealth Advisors LLC bought a new stake in NVIDIA during the 4th quarter valued at $46,000. 1620 Investment Advisors Inc. increased its holdings in shares of NVIDIA by 145.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after acquiring an additional 248 shares during the period. Finally, Gleason Group Inc. raised its position in shares of NVIDIA by 52.9% in the 4th quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker’s stock worth $58,000 after acquiring an additional 148 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
Analyst Ratings Changes
NVDA has been the topic of a number of recent research reports. Truist Financial raised their price objective on NVIDIA from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Cantor Fitzgerald restated an “overweight” rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Thursday, March 20th. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of NVIDIA in a research note on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $169.89.
Get Our Latest Stock Report on NVIDIA
Insider Transactions at NVIDIA
In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 183,609 shares of company stock valued at $22,642,615 in the last ninety days. 4.23% of the stock is currently owned by corporate insiders.
NVIDIA Stock Down 7.8 %
Shares of NVDA stock opened at $101.80 on Friday. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $195.95. The stock has a market cap of $2.48 trillion, a P/E ratio of 40.06, a P/E/G ratio of 1.76 and a beta of 1.77. The stock has a 50 day moving average of $122.16 and a 200 day moving average of $131.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.
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.
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