South Dakota Investment Council Sells 5,203 Shares of NVIDIA Co. (NASDAQ:NVDA)

South Dakota Investment Council decreased its holdings in NVIDIA Co. (NASDAQ:NVDAFree Report) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,073 shares of the computer hardware maker’s stock after selling 5,203 shares during the quarter. NVIDIA accounts for approximately 1.0% of South Dakota Investment Council’s holdings, making the stock its 10th largest position. South Dakota Investment Council’s holdings in NVIDIA were worth $44,836,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NVDA. Peoples Financial Services CORP. bought a new position in NVIDIA during the third quarter valued at about $30,000. Your Advocates Ltd. LLP purchased a new stake in NVIDIA in the 3rd quarter worth about $30,000. Marquette Asset Management LLC purchased a new stake in NVIDIA in the 2nd quarter worth about $34,000. Quarry LP purchased a new stake in NVIDIA in the 1st quarter worth about $34,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of NVIDIA during the 4th quarter worth about $39,000. Institutional investors own 64.79% of the company’s stock.

Insider Activity at NVIDIA

In related news, Director John Dabiri sold 218 shares of the 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 completion of the transaction, the director now directly owns 2,183 shares of the company’s stock, valued at $1,058,733.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director John Dabiri sold 218 shares of the 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 completion of the transaction, the director now directly owns 2,183 shares of the company’s stock, valued at $1,058,733.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 10,400 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $481.60, for a total value of $5,008,640.00. Following the completion of the sale, the director now directly owns 979,431 shares of the company’s stock, valued at $471,693,969.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,216 shares of company stock valued at $79,810,950. Insiders own 3.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on NVIDIA from $600.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $775.00 price objective on shares of NVIDIA in a report on Monday, January 29th. The Goldman Sachs Group increased their price objective on NVIDIA from $625.00 to $800.00 and gave the company a “buy” rating in a report on Monday. TD Cowen raised their target price on NVIDIA from $600.00 to $700.00 and gave the company an “outperform” rating in a report on Wednesday, October 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating on shares of NVIDIA in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $616.35.

View Our Latest Report on NVDA

NVIDIA Trading Up 2.7 %

NVDA stock opened at $700.99 on Thursday. The company has a market cap of $1.73 trillion, a P/E ratio of 92.48, a PEG ratio of 2.73 and a beta of 1.69. The business has a fifty day moving average of $535.91 and a 200-day moving average of $481.86. NVIDIA Co. has a twelve month low of $204.21 and a twelve month high of $702.20. The company has a quick ratio of 3.06, a current ratio of 3.59 and a debt-to-equity ratio of 0.25.

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

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 6th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) is presently 2.11%.

NVIDIA 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.

Featured Stories

Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. (NASDAQ:NVDAFree Report).

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.