Carroll Investors Inc Sells 79 Shares of NVIDIA Co. (NASDAQ:NVDA)

Carroll Investors Inc reduced its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,242 shares of the computer hardware maker’s stock after selling 79 shares during the quarter. NVIDIA makes up 3.2% of Carroll Investors Inc’s portfolio, making the stock its 12th largest holding. Carroll Investors Inc’s holdings in NVIDIA were worth $3,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peoples Financial Services CORP. bought a new position in shares of NVIDIA during the third quarter valued at $30,000. Your Advocates Ltd. LLP bought a new position in shares of NVIDIA during the third quarter valued at $30,000. Marquette Asset Management LLC bought a new position in shares of NVIDIA during the second quarter valued at $34,000. Quarry LP bought a new position in shares of NVIDIA during the first quarter valued at $34,000. Finally, Compass Wealth Management LLC bought a new position in shares of NVIDIA during the fourth quarter valued at $39,000. 64.79% of the stock is owned by institutional investors.

NVIDIA Trading Down 1.6 %

NASDAQ NVDA opened at $682.23 on Wednesday. The stock has a market capitalization of $1.69 trillion, a price-to-earnings ratio of 90.00, a PEG ratio of 2.65 and a beta of 1.69. The stock’s 50 day moving average price is $531.51 and its two-hundred day moving average price is $480.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.06 and a current ratio of 3.59. NVIDIA Co. has a 52 week low of $204.21 and a 52 week high of $697.54.

NVIDIA (NASDAQ:NVDAGet Free Report) last released its earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 EPS for the quarter, beating the consensus estimate of $3.03 by $0.99. The firm had revenue of $18.12 billion for the quarter, compared to analysts’ expectations of $16.19 billion. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The business’s quarterly revenue was up 205.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. As a group, analysts anticipate that NVIDIA Co. will post 11.07 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, December 5th. NVIDIA’s dividend payout ratio is currently 2.11%.

Insider Transactions at NVIDIA

In other news, Director John Dabiri sold 218 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the sale, the director now owns 2,183 shares in the company, valued at approximately $1,058,733.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director John Dabiri sold 218 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $484.99, for a total transaction of $105,727.82. Following the transaction, the director now directly owns 2,183 shares of the company’s stock, valued at approximately $1,058,733.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $483.18, for a total value of $4,831,800.00. Following the transaction, the director now directly owns 989,831 shares in the company, valued at $478,266,542.58. The disclosure for this sale can be found here. Insiders have sold a total of 155,216 shares of company stock worth $79,810,950 in the last 90 days. Corporate insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. The Goldman Sachs Group lifted their price objective on NVIDIA from $625.00 to $800.00 and gave the company a “buy” rating in a report on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $620.00 price target on shares of NVIDIA in a report on Friday, November 17th. Bank of America lifted their price target on NVIDIA from $650.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. KeyCorp lifted their price target on NVIDIA from $650.00 to $740.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, Rosenblatt Securities reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $612.68.

View Our Latest Stock Report on NVIDIA

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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