NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lowered by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 205,444 shares of the computer hardware maker’s stock after selling 2,707 shares during the period. NVIDIA makes up about 5.4% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Trifecta Capital Advisors LLC’s holdings in NVIDIA were worth $27,589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NVDA. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter worth about $40,000. DHJJ Financial Advisors Ltd. raised its position in NVIDIA by 70.0% in the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker’s stock worth $41,000 after buying an additional 140 shares during the last quarter. Lowe Wealth Advisors LLC bought a new position in NVIDIA during the 4th quarter valued at about $46,000. Finally, 1620 Investment Advisors Inc. boosted its holdings in shares of NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker’s stock valued at $51,000 after acquiring an additional 248 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

NVIDIA Stock Down 1.2 %

NVDA opened at $108.38 on Tuesday. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of $124.42 and a two-hundred day simple moving average of $131.53. The company has a market capitalization of $2.64 trillion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. Analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.36%.

Insider Buying and Selling

In other news, CFO Colette Kress sold 66,660 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company’s stock, valued at $360,509,924.95. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,609 shares of company stock worth $22,642,615. Insiders own 4.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $160.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho decreased their target price on shares of NVIDIA from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. DA Davidson dropped their price target on NVIDIA from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. Summit Insights cut NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Benchmark reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.51.

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.