TrimTabs Asset Management LLC Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

TrimTabs Asset Management LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 34.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,231 shares of the computer hardware maker’s stock after selling 1,672 shares during the period. TrimTabs Asset Management LLC’s holdings in NVIDIA were worth $1,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. PrairieView Partners LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $26,000. Cedar Mountain Advisors LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $34,000. Bartlett & Co. LLC grew its stake in NVIDIA by 48.2% during the 4th quarter. Bartlett & Co. LLC now owns 83 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 27 shares in the last quarter. Perennial Advisors LLC purchased a new stake in NVIDIA during the 4th quarter valued at about $49,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in NVIDIA in the 4th quarter valued at about $52,000. 65.70% of the stock is owned by institutional investors and hedge funds.

In other news, Director Mark L. Perry sold 6,104 shares of the stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $556.58, for a total transaction of $3,397,364.32. Following the transaction, the director now directly owns 8,031 shares in the company, valued at approximately $4,469,893.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.47% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:NVDA traded up $9.41 on Thursday, reaching $575.15. 183,425 shares of the company were exchanged, compared to its average volume of 8,266,496. The company has a current ratio of 3.92, a quick ratio of 3.52 and a debt-to-equity ratio of 0.39. NVIDIA Co. has a 1-year low of $257.00 and a 1-year high of $614.90. The firm has a market cap of $356.59 billion, a price-to-earnings ratio of 92.59, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45. The company has a 50-day moving average of $534.84 and a 200-day moving average of $535.31.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.81 by $0.29. NVIDIA had a net margin of 25.89% and a return on equity of 32.61%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.83 billion. During the same period in the prior year, the company posted $1.89 EPS. As a group, analysts forecast that NVIDIA Co. will post 7.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were issued a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.64 dividend on an annualized basis and a yield of 0.11%. NVIDIA’s dividend payout ratio (DPR) is 13.94%.

A number of equities research analysts have weighed in on NVDA shares. Wells Fargo & Company lifted their price target on shares of NVIDIA from $605.00 to $625.00 and gave the company an “overweight” rating in a research report on Friday, December 18th. Susquehanna lifted their price target on shares of NVIDIA from $625.00 to $700.00 and gave the company a “positive” rating in a research report on Monday, February 22nd. Barclays lifted their price target on shares of NVIDIA from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, January 26th. They noted that the move was a valuation call. Cowen lifted their price target on shares of NVIDIA from $600.00 to $665.00 and gave the company an “outperform” rating in a research report on Wednesday, March 3rd. Finally, Mizuho lifted their price target on shares of NVIDIA from $605.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, March 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $593.56.

NVIDIA Company Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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