NVIDIA Co. (NASDAQ:NVDA) Stock Position Lessened by WD Rutherford LLC

WD Rutherford LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,234 shares of the computer hardware maker’s stock after selling 498 shares during the quarter. NVIDIA comprises about 5.4% of WD Rutherford LLC’s holdings, making the stock its largest position. WD Rutherford LLC’s holdings in NVIDIA were worth $9,030,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Progressive Investment Management Corp boosted its holdings in NVIDIA by 764.2% in the 3rd quarter. Progressive Investment Management Corp now owns 11,295 shares of the computer hardware maker’s stock valued at $4,913,000 after purchasing an additional 9,988 shares during the period. Investment Advisory Services Inc. TX ADV boosted its stake in NVIDIA by 24.6% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 623 shares of the computer hardware maker’s stock valued at $271,000 after buying an additional 123 shares during the period. ACT Advisors LLC. purchased a new position in NVIDIA during the third quarter worth about $257,000. Zullo Investment Group Inc. increased its stake in NVIDIA by 1.0% in the 3rd quarter. Zullo Investment Group Inc. now owns 14,140 shares of the computer hardware maker’s stock worth $6,151,000 after acquiring an additional 138 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC raised its holdings in shares of NVIDIA by 23.8% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 4,588 shares of the computer hardware maker’s stock valued at $1,996,000 after acquiring an additional 881 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the transaction, the insider now directly owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the sale, the insider now owns 49,815 shares in the company, valued at approximately $45,412,350.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by insiders.

NVIDIA Trading Up 3.5 %

Shares of NVDA stock opened at $887.89 on Friday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12-month low of $272.40 and a 12-month high of $974.00. The stock has a market capitalization of $2.22 trillion, a P/E ratio of 74.36, a P/E/G ratio of 1.27 and a beta of 1.75. The firm’s 50 day moving average is $867.38 and its 200 day moving average is $649.27.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NVDA shares. Raymond James raised their target price on shares of NVIDIA from $850.00 to $1,100.00 and gave the company a “strong-buy” rating in a research note on Thursday, April 11th. Wolfe Research lifted their price objective on shares of NVIDIA from $630.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Oppenheimer increased their target price on NVIDIA from $850.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Evercore ISI began coverage on shares of NVIDIA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,160.00 price objective for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $1,100.00 target price on shares of NVIDIA in a research report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $941.55.

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.