NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Dohj LLC

Dohj LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,689 shares of the computer hardware maker’s stock after selling 157 shares during the quarter. NVIDIA comprises approximately 1.0% of Dohj LLC’s investment portfolio, making the stock its 27th largest position. Dohj LLC’s holdings in NVIDIA were worth $3,313,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of NVIDIA in the 4th quarter worth $28,000. Criterion Capital Advisors LLC acquired a new stake in shares of NVIDIA in the 4th quarter worth $28,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA in the 3rd quarter worth $30,000. Trivant Custom Portfolio Group LLC increased its stake in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares during the last quarter. Finally, O Brien Wealth Partners LLC increased its stake in shares of NVIDIA by 139.5% in the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director John Dabiri sold 128 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at approximately $1,931,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director John Dabiri sold 128 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the transaction, the director now owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 in the last ninety days. Company insiders own 3.99% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVDA. Tigress Financial raised their target price on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $900.00 target price on shares of NVIDIA in a research note on Monday, March 4th. Argus raised their price objective on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Stifel Nicolaus reissued a “buy” rating and set a $910.00 price objective on shares of NVIDIA in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective on NVIDIA from $650.00 to $850.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $941.55.

NVIDIA Stock Up 3.5 %

Shares of NVIDIA stock opened at $887.89 on Monday. NVIDIA Co. has a one year low of $272.40 and a one year high of $974.00. The firm has a fifty day moving average of $867.38 and a two-hundred day moving average of $652.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.67 and a current ratio of 4.17. The company has a market cap of $2.22 trillion, a P/E ratio of 74.36, a PEG ratio of 1.27 and a beta of 1.75.

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

NVIDIA Dividend Announcement

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

About NVIDIA

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.