Ingalls & Snyder LLC Sells 3,734 Shares of NVIDIA Co. (NASDAQ:NVDA)

Ingalls & Snyder LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,513 shares of the computer hardware maker’s stock after selling 3,734 shares during the quarter. Ingalls & Snyder LLC’s holdings in NVIDIA were worth $10,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Disciplined Investments LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $25,000. Advanced Research Investment Solutions LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $29,000. Charter Oak Capital Management LLC raised its holdings in NVIDIA by 400.0% in the 4th quarter. Charter Oak Capital Management LLC now owns 130 shares of the computer hardware maker’s stock valued at $38,000 after buying an additional 104 shares during the last quarter. Leverty Financial Group LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $41,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 55.19% of the company’s stock.

Shares of NASDAQ NVDA traded up $9.13 during mid-day trading on Tuesday, reaching $181.77. 58,399,450 shares of the company’s stock were exchanged, compared to its average volume of 54,898,699. The firm has a market capitalization of $529.45 billion, a price-to-earnings ratio of 46.79, a price-to-earnings-growth ratio of 2.23 and a beta of 1.59. NVIDIA Co. has a 52 week low of $135.43 and a 52 week high of $346.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05. The firm has a 50-day moving average price of $224.12 and a two-hundred day moving average price of $257.09.

NVIDIA (NASDAQ:NVDAGet Rating) last released its earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.13. The company had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NVIDIA had a return on equity of 42.99% and a net margin of 36.24%. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. As a group, sell-side analysts forecast that NVIDIA Co. will post 4.71 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 2nd. NVIDIA’s payout ratio is 4.16%.

A number of analysts have weighed in on the stock. Credit Suisse Group reissued a “buy” rating and set a $400.00 target price on shares of NVIDIA in a research report on Friday, March 18th. Rosenblatt Securities reissued a “buy” rating and set a $400.00 target price on shares of NVIDIA in a research report on Thursday, February 17th. Barclays decreased their target price on shares of NVIDIA from $350.00 to $295.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Robert W. Baird downgraded shares of NVIDIA from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $360.00 to $225.00 in a research report on Monday, April 11th. Finally, Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a research report on Thursday, February 17th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA presently has an average rating of “Buy” and an average target price of $324.82.

In other NVIDIA news, CEO Jen Hsun Huang sold 292,340 shares of NVIDIA stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $237.12, for a total transaction of $69,319,660.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark L. Perry sold 16,716 shares of NVIDIA stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $263.80, for a total value of $4,409,680.80. The disclosure for this sale can be found here. In the last three months, insiders sold 409,056 shares of company stock valued at $101,135,342. 4.23% of the stock is currently owned by insiders.

NVIDIA Profile (Get Rating)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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