NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,972 shares of the computer hardware maker’s stock after selling 588 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in NVIDIA were worth $5,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in NVIDIA during the 4th quarter worth about $28,000. Your Advocates Ltd. LLP acquired a new stake in NVIDIA during the 3rd quarter worth about $30,000. Trivant Custom Portfolio Group LLC raised its holdings in NVIDIA by 44.1% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares during the period. O Brien Wealth Partners LLC raised its holdings in NVIDIA by 139.5% during the 4th quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after buying an additional 53 shares during the period. Finally, Beacon Capital Management Inc. acquired a new stake in NVIDIA during the 4th quarter worth about $50,000. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVIDIA news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now owns 1,124,583 shares of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the sale, the director now owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction on 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 directly owns 1,124,583 shares in the company, valued at approximately $896,933,663.31. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,278 shares of company stock valued at $52,689,898. 3.99% of the stock is owned by company insiders.

NVIDIA Trading Down 3.3 %

Shares of NVDA stock opened at $796.77 on Thursday. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The firm’s fifty day simple moving average is $849.38 and its 200 day simple moving average is $631.03. The firm has a market capitalization of $1.99 trillion, a P/E ratio of 66.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. NVIDIA’s revenue was up 265.3% compared to the same quarter last year. As a group, sell-side analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and set a $900.00 price objective on shares of NVIDIA in a report on Monday, March 4th. Argus upped their target price on NVIDIA from $850.00 to $950.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Needham & Company LLC upped their target price on NVIDIA from $600.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. UBS Group upped their target price on NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company upped their target price on NVIDIA from $840.00 to $970.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average target price of $940.30.

NVIDIA Company 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.