NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Telemus Capital LLC

Telemus Capital LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,997 shares of the computer hardware maker’s stock after selling 1,654 shares during the period. Telemus Capital LLC’s holdings in NVIDIA were worth $2,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GoalVest Advisory LLC raised its stake in NVIDIA by 124.1% in the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after buying an additional 108 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of NVIDIA by 271.2% during the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock worth $30,000 after purchasing an additional 179 shares during the last quarter. FSC Wealth Advisors LLC grew its holdings in shares of NVIDIA by 313.6% during the third quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 207 shares during the last quarter. Paragon Wealth Strategies LLC purchased a new position in shares of NVIDIA during the third quarter worth about $36,000. Finally, Lumature Wealth Partners LLC grew its holdings in shares of NVIDIA by 396.8% during the third quarter. Lumature Wealth Partners LLC now owns 313 shares of the computer hardware maker’s stock worth $38,000 after purchasing an additional 250 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVIDIA news, CFO Colette Kress sold 6,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the completion of the sale, the chief financial officer now directly owns 561,401 shares of the company’s stock, valued at approximately $128,723,635.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NVIDIA news, CFO Colette Kress sold 6,000 shares of NVIDIA stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $229.29, for a total value of $1,375,740.00. Following the completion of the sale, the chief financial officer now directly owns 561,401 shares of the company’s stock, valued at approximately $128,723,635.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 120,000 shares of NVIDIA stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $158.84, for a total transaction of $19,060,800.00. Following the completion of the sale, the director now directly owns 1,325,888 shares of the company’s stock, valued at $210,604,049.92. The disclosure for this sale can be found here. In the last three months, insiders sold 293,066 shares of company stock valued at $51,229,679. Company insiders own 4.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NVDA. Cowen raised their price objective on NVIDIA from $200.00 to $220.00 in a report on Monday, December 12th. Susquehanna reaffirmed a “positive” rating and set a $265.00 price objective on shares of NVIDIA in a report on Thursday, March 9th. Raymond James reissued a “strong-buy” rating and set a $290.00 price target on shares of NVIDIA in a report on Thursday, March 2nd. Citigroup raised their price target on NVIDIA from $245.00 to $305.00 and gave the stock a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group raised NVIDIA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $162.00 to $275.00 in a report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.32.

NVIDIA Trading Up 0.7 %

Shares of NVIDIA stock opened at $257.25 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.52 and a quick ratio of 2.73. NVIDIA Co. has a 1 year low of $108.13 and a 1 year high of $289.46. The company has a market capitalization of $635.41 billion, a P/E ratio of 147.84, a P/E/G ratio of 4.53 and a beta of 1.76. The business has a 50 day moving average price of $210.84 and a 200 day moving average price of $167.00.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.07. NVIDIA had a return on equity of 26.61% and a net margin of 16.19%. The firm had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm posted $1.14 EPS. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. Sell-side analysts anticipate that NVIDIA Co. will post 3.21 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 8th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 annualized dividend and a yield of 0.06%. NVIDIA’s payout ratio is currently 9.20%.

NVIDIA Profile

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.