NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Luts & Greenleigh Group Inc.

Luts & Greenleigh Group Inc. reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 900 shares of the computer hardware maker’s stock after selling 54 shares during the period. Luts & Greenleigh Group Inc.’s holdings in NVIDIA were worth $446,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. LFA Lugano Financial Advisors SA acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $28,000. Peoples Financial Services CORP. acquired a new position in shares of NVIDIA during the 3rd quarter worth approximately $30,000. Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA during the 3rd quarter worth approximately $30,000. Quarry LP acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $34,000. Finally, Compass Wealth Management LLC acquired a new position in shares of NVIDIA during the 4th quarter worth approximately $39,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 450 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $911.62, for a total value of $410,229.00. Following the completion of the transaction, the insider now owns 49,815 shares in the company, valued at $45,412,350.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mark A. Stevens sold 10,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $797.57, for a total transaction of $7,975,700.00. Following the completion of the sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Donald F. Robertson, Jr. sold 450 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total transaction of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at approximately $45,412,350.30. The disclosure for this sale can be found here. Insiders sold 61,278 shares of company stock worth $52,689,898 over the last 90 days. Corporate insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVDA. Wolfe Research upped their price objective on NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Wells Fargo & Company upped their price objective on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Mizuho upped their price objective on NVIDIA from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Sanford C. Bernstein upped their price objective on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Tigress Financial upped their price objective on NVIDIA from $790.00 to $985.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $940.30.

NVIDIA Stock Performance

NASDAQ:NVDA opened at $762.00 on Friday. The firm has a market capitalization of $1.91 trillion, a PE ratio of 63.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.73. The business’s fifty day moving average price is $844.71 and its 200 day moving average price is $622.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. NVIDIA’s revenue for the quarter was up 265.3% on a year-over-year basis. On average, sell-side analysts anticipate that NVIDIA Co. will post 22.45 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 0.02%. NVIDIA’s dividend payout ratio is presently 1.34%.

NVIDIA 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.