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

IAM Advisory LLC lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 22,615 shares of the computer hardware maker’s stock after selling 110 shares during the quarter. NVIDIA accounts for 0.8% of IAM Advisory LLC’s investment portfolio, making the stock its 21st biggest holding. IAM Advisory LLC’s holdings in NVIDIA were worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Riversedge Advisors LLC boosted its position in shares of NVIDIA by 1.7% in the 4th quarter. Riversedge Advisors LLC now owns 23,986 shares of the computer hardware maker’s stock worth $3,221,000 after buying an additional 407 shares in the last quarter. Sandbox Financial Partners LLC lifted its stake in shares of NVIDIA by 0.7% during the fourth quarter. Sandbox Financial Partners LLC now owns 49,727 shares of the computer hardware maker’s stock worth $6,678,000 after purchasing an additional 359 shares in the last quarter. Veery Capital LLC increased its stake in NVIDIA by 1.2% during the 4th quarter. Veery Capital LLC now owns 7,637 shares of the computer hardware maker’s stock worth $1,026,000 after buying an additional 88 shares during the period. Udine Wealth Management Inc. increased its holdings in NVIDIA by 26.8% during the 4th quarter. Udine Wealth Management Inc. now owns 14,971 shares of the computer hardware maker’s stock worth $2,010,000 after purchasing an additional 3,160 shares during the last quarter. Finally, Walker Financial Services Inc. acquired a new stake in NVIDIA in the fourth quarter valued at $206,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the transaction, the director now owns 28,671,360 shares in the company, valued at $3,763,402,713.60. The trade was a 3.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,108,348 shares of company stock valued at $146,506,958 in the last 90 days. 4.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NVDA shares. Benchmark reaffirmed a “buy” rating and set a $190.00 price objective on shares of NVIDIA in a research report on Tuesday, January 7th. Raymond James raised their target price on NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 14th. Redburn Atlantic started coverage on shares of NVIDIA in a research report on Tuesday, November 12th. They set a “buy” rating and a $178.00 price target for the company. Susquehanna lifted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, Citigroup upped their target price on NVIDIA from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

NVIDIA Price Performance

NASDAQ NVDA opened at $129.84 on Friday. The stock has a 50-day simple moving average of $135.48 and a 200 day simple moving average of $129.35. The stock has a market capitalization of $3.18 trillion, a PE ratio of 51.10, a P/E/G ratio of 2.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a twelve month low of $66.25 and a twelve month high of $153.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA’s revenue for the quarter was up 93.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. Research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date was Thursday, December 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%.

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.