RiverPark Advisors LLC Cuts Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

RiverPark Advisors LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDAFree Report) by 7.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,665 shares of the computer hardware maker’s stock after selling 226 shares during the period. RiverPark Advisors LLC’s holdings in NVIDIA were worth $1,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NVDA. Lineweaver Wealth Advisors LLC increased its position in shares of NVIDIA by 0.9% during the second quarter. Lineweaver Wealth Advisors LLC now owns 2,432 shares of the computer hardware maker’s stock valued at $1,029,000 after acquiring an additional 22 shares during the last quarter. Family Legacy Inc. boosted its position in shares of NVIDIA by 4.1% during the 3rd quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock worth $241,000 after purchasing an additional 22 shares during the period. Eagle Strategies LLC increased its holdings in NVIDIA by 0.3% in the 3rd quarter. Eagle Strategies LLC now owns 7,324 shares of the computer hardware maker’s stock valued at $3,186,000 after purchasing an additional 22 shares during the last quarter. Cassia Capital Partners LLC grew its stake in shares of NVIDIA by 2.0% in the third quarter. Cassia Capital Partners LLC now owns 1,193 shares of the computer hardware maker’s stock valued at $519,000 after buying an additional 23 shares in the last quarter. Finally, Yarger Wealth Strategies LLC raised its holdings in shares of NVIDIA by 1.9% in the 3rd quarter. Yarger Wealth Strategies LLC now owns 1,210 shares of the computer hardware maker’s stock valued at $526,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 64.79% of the company’s stock.

NVIDIA Stock Up 0.2 %

Shares of NASDAQ:NVDA opened at $722.48 on Tuesday. The company has a market cap of $1.78 trillion, a price-to-earnings ratio of 95.31, a PEG ratio of 2.86 and a beta of 1.69. The firm’s 50-day simple moving average is $550.90 and its 200-day simple moving average is $487.53. 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 Co. has a fifty-two week low of $204.21 and a fifty-two week high of $746.11.

NVIDIA (NASDAQ:NVDAGet Free Report) last posted its quarterly earnings results on Tuesday, November 21st. The computer hardware maker reported $4.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.03 by $0.99. NVIDIA had a return on equity of 72.28% and a net margin of 42.10%. The firm had revenue of $18.12 billion for the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the previous year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was up 205.5% compared to the same quarter last year. As a group, equities research analysts predict that NVIDIA Co. will post 11.09 earnings per share for the current year.

NVIDIA Announces Dividend

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

Insider Buying and Selling at NVIDIA

In related news, Director Mark A. Stevens sold 36,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $546.95, for a total value of $19,690,200.00. Following the sale, the director now directly owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mark A. Stevens sold 10,000 shares of the company’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 sale, the director now owns 989,831 shares of the company’s stock, valued at approximately $478,266,542.58. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mark A. Stevens sold 36,000 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $546.95, for a total value of $19,690,200.00. Following the completion of the sale, the director now directly owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 155,216 shares of company stock valued at $79,810,950. Insiders own 3.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NVDA shares. Wells Fargo & Company boosted their price target on shares of NVIDIA from $600.00 to $675.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 target price on shares of NVIDIA in a research note on Wednesday, November 22nd. Morgan Stanley upped their price objective on NVIDIA from $603.00 to $750.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Wedbush reaffirmed an “outperform” rating and set a $600.00 price objective on shares of NVIDIA in a research report on Friday, November 17th. Finally, Mizuho upped their price target on NVIDIA from $590.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $616.35.

Read Our Latest Research Report on NVDA

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.

Further Reading

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.