Sierra Capital LLC Has $1.33 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Sierra Capital LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 16.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,677 shares of the computer hardware maker’s stock after selling 528 shares during the quarter. Sierra Capital LLC’s holdings in NVIDIA were worth $1,326,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Cullen Investment Group LTD. acquired a new position in shares of NVIDIA during the 4th quarter worth $5,248,000. BOK Financial Private Wealth Inc. boosted its holdings in shares of NVIDIA by 115.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 430 shares of the computer hardware maker’s stock worth $213,000 after buying an additional 230 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in shares of NVIDIA by 5.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 3,900 shares of the computer hardware maker’s stock worth $1,931,000 after buying an additional 209 shares during the period. Waldron Private Wealth LLC boosted its holdings in shares of NVIDIA by 2.4% during the 4th quarter. Waldron Private Wealth LLC now owns 21,236 shares of the computer hardware maker’s stock worth $10,516,000 after buying an additional 502 shares during the period. Finally, Bear Mountain Capital Inc. bought a new stake in shares of NVIDIA during the 4th quarter worth $618,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the completion of the transaction, the director now directly owns 1,124,583 shares of the company’s stock, valued at $896,933,663.31. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Mark A. Stevens sold 22,700 shares of NVIDIA stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the completion of the sale, the director now owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Trading Up 3.7 %

Shares of NASDAQ NVDA opened at $824.23 on Wednesday. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The company has a market cap of $2.06 trillion, a PE ratio of 69.03, a P/E/G ratio of 1.09 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $848.22 and a two-hundred day moving average of $629.87.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 265.3% on a year-over-year basis. As a group, equities analysts expect that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio is presently 1.34%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Mizuho upped their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Loop Capital assumed coverage on shares of NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective for the company. Needham & Company LLC upped their price objective on shares of NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. DA Davidson raised their price target on shares of NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Finally, KeyCorp raised their price target on shares of NVIDIA from $1,100.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Four investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA has an average rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA Company 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.