Owen LaRue LLC Sells 367 Shares of NVIDIA Co. (NASDAQ:NVDA)

Owen LaRue LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,970 shares of the computer hardware maker’s stock after selling 367 shares during the quarter. NVIDIA makes up approximately 2.8% of Owen LaRue LLC’s portfolio, making the stock its 9th biggest position. Owen LaRue LLC’s holdings in NVIDIA were worth $2,956,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new stake in shares of NVIDIA during the 4th quarter valued at about $28,000. Criterion Capital Advisors LLC bought a new stake in shares of NVIDIA during the 4th quarter valued at about $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the 3rd quarter valued at about $30,000. Trivant Custom Portfolio Group LLC boosted its position in shares of NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares in the last quarter. Finally, O Brien Wealth Partners LLC boosted its position in shares of NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock valued at $45,000 after purchasing an additional 53 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVIDIA

In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares in the company, valued at $925,845,476.01. 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 11,000 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $905.65, for a total value of $9,962,150.00. Following the completion of the sale, the director now owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock valued at $52,689,898 over the last three months. Company insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

NVIDIA stock opened at $887.47 on Friday. NVIDIA Co. has a one year low of $280.46 and a one year high of $974.00. The business has a fifty day moving average price of $874.91 and a 200-day moving average price of $661.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 74.33, a PEG ratio of 1.27 and a beta of 1.75.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 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 during the quarter, compared to analyst estimates of $20.40 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 265.3% on a year-over-year basis. As a group, equities research analysts forecast that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued 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 of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is currently 1.34%.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research analyst reports. Argus upped their target price on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Morgan Stanley upped their price target on NVIDIA from $795.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Tigress Financial upped their price target on NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Needham & Company LLC upped their price target on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Susquehanna reaffirmed a “positive” rating and set a $1,050.00 price target on shares of NVIDIA in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $944.05.

NVIDIA 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.