HM Payson & Co. Sells 7,696 Shares of NVIDIA Co. (NASDAQ:NVDA)

HM Payson & Co. decreased its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 16.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 38,797 shares of the computer hardware maker’s stock after selling 7,696 shares during the period. HM Payson & Co.’s holdings in NVIDIA were worth $16,876,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Moody Lynn & Lieberson LLC lifted its holdings 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 purchasing an additional 5,998 shares in the last quarter. DBK Financial Counsel LLC bought a new position in shares of NVIDIA in the 2nd quarter worth $265,000. IFM Investors Pty Ltd lifted its stake in NVIDIA by 4.9% during the 2nd quarter. IFM Investors Pty Ltd now owns 488,552 shares of the computer hardware maker’s stock valued at $206,667,000 after acquiring an additional 22,809 shares in the last quarter. W Advisors LLC bought a new position in NVIDIA during the 2nd quarter valued at $254,000. Finally, Affinity Capital Advisors LLC bought a new position in NVIDIA during the 3rd quarter valued at $282,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NVDA shares. Needham & Company LLC restated a “buy” rating and set a $600.00 price objective on shares of NVIDIA in a research note on Wednesday, November 22nd. The Goldman Sachs Group raised their price objective on NVIDIA from $625.00 to $800.00 and gave the company a “buy” rating in a research note on Monday. Edward Jones cut NVIDIA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Mizuho raised their price objective on NVIDIA from $590.00 to $625.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Finally, DA Davidson began coverage on NVIDIA in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $410.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $612.68.

Get Our Latest Research Report on NVDA

Insider Transactions at NVIDIA

In related news, 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 completion of the sale, the director now owns 989,831 shares in the company, valued at approximately $478,266,542.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $105,727.82. Following the completion of the sale, the director now owns 2,183 shares in the company, valued at approximately $1,058,733.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, the director now owns 989,831 shares of the company’s stock, valued at approximately $478,266,542.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 155,216 shares of company stock valued at $79,810,950. 3.99% of the stock is owned by corporate insiders.

NVIDIA Stock Down 1.6 %

Shares of NASDAQ NVDA opened at $682.23 on Wednesday. NVIDIA Co. has a 12 month low of $204.21 and a 12 month high of $697.54. The company has a current ratio of 3.59, a quick ratio of 3.06 and a debt-to-equity ratio of 0.25. The firm 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 business has a 50-day moving average of $531.51 and a 200-day moving average of $480.31.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its quarterly earnings data on Tuesday, November 21st. The computer hardware maker reported $4.02 EPS for the quarter, topping the consensus estimate of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The company had revenue of $18.12 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. NVIDIA’s revenue was up 205.5% on a year-over-year basis. Sell-side analysts expect that NVIDIA Co. will post 11.07 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

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

About NVIDIA

(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.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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