Pathway Financial Advisors LLC Sells 300 Shares of NVIDIA Co. (NASDAQ:NVDA)

Pathway Financial Advisors LLC reduced its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,187 shares of the computer hardware maker’s stock after selling 300 shares during the quarter. Pathway Financial Advisors LLC’s holdings in NVIDIA were worth $265,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in NVIDIA by 6.5% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 49,800 shares of the computer hardware maker’s stock valued at $7,549,000 after buying an additional 3,055 shares during the period. Fortune 45 LLC grew its holdings in shares of NVIDIA by 34.4% during the 2nd quarter. Fortune 45 LLC now owns 2,027 shares of the computer hardware maker’s stock valued at $307,000 after purchasing an additional 519 shares during the last quarter. Covenant Partners LLC grew its holdings in shares of NVIDIA by 6.2% during the 2nd quarter. Covenant Partners LLC now owns 6,458 shares of the computer hardware maker’s stock valued at $979,000 after purchasing an additional 377 shares during the last quarter. Apexium Financial LP grew its holdings in shares of NVIDIA by 137.4% during the 2nd quarter. Apexium Financial LP now owns 1,690 shares of the computer hardware maker’s stock valued at $256,000 after purchasing an additional 978 shares during the last quarter. Finally, Coastline Trust Co grew its holdings in shares of NVIDIA by 6.6% during the 2nd quarter. Coastline Trust Co now owns 61,645 shares of the computer hardware maker’s stock valued at $9,344,000 after purchasing an additional 3,843 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NVDA shares. Morgan Stanley decreased their price target on shares of NVIDIA from $182.00 to $175.00 and set an “equal weight” rating on the stock in a report on Thursday, November 17th. KeyCorp decreased their price target on shares of NVIDIA from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, January 11th. Wedbush lifted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 17th. Cowen lifted their price target on shares of NVIDIA from $200.00 to $220.00 in a report on Monday, December 12th. Finally, Susquehanna Bancshares boosted their target price on shares of NVIDIA from $180.00 to $185.00 and gave the stock a “positive” rating in a report on Thursday, November 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.23.

Insider Activity at NVIDIA

In related news, Director Mark A. Stevens sold 45,000 shares of the stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $164.70, for a total transaction of $7,411,500.00. Following the completion of the transaction, the director now owns 1,190,888 shares in the company, valued at $196,139,253.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other NVIDIA news, Director John Dabiri sold 293 shares of the company’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $165.80, for a total transaction of $48,579.40. Following the sale, the director now directly owns 2,417 shares of the company’s stock, valued at $400,738.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark A. Stevens sold 45,000 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $164.70, for a total transaction of $7,411,500.00. Following the sale, the director now directly owns 1,190,888 shares in the company, valued at $196,139,253.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 227,787 shares of company stock worth $36,844,997. 4.04% of the stock is owned by company insiders.

NVIDIA Stock Down 2.9 %

Shares of NVIDIA stock traded down $5.52 during trading on Wednesday, reaching $187.13. 14,403,381 shares of the company traded hands, compared to its average volume of 44,565,535. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.39 and a quick ratio of 2.74. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $289.46. The company has a 50 day moving average price of $162.10 and a 200-day moving average price of $153.77. The firm has a market capitalization of $465.95 billion, a PE ratio of 81.98, a P/E/G ratio of 7.29 and a beta of 1.77.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings data on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.10). NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The business’s quarterly revenue was down 16.5% on a year-over-year basis. As a group, equities research analysts expect that NVIDIA Co. will post 2.19 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.16 annualized dividend and a yield of 0.09%. NVIDIA’s payout ratio is currently 6.81%.

NVIDIA Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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