NVIDIA Co. (NASDAQ:NVDA) shares sold by RPG Investment Advisory LLC

RPG Investment Advisory LLC has sold its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) fell 0.8% in the fourth quarter, the company said in its most recent Form 13F filing with the Securities & Exchange Commission. The company owned 66,494 shares of the computer hardware maker, after selling 516 shares during the quarter. NVIDIA makes up 5.4% of RPG Investment Advisory LLC’s portfolio, giving it the largest position. RPG Investment Advisory LLC’s holdings in NVIDIA were worth $32,929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently increased or decreased their stakes in the company. Campbell Newman Asset Management Inc. increased its stake in NVIDIA by 0.6% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker worth $1,481,000, after acquiring an additional 18 shares in the last quarter. Aprio Wealth Management LLC increased its position in shares of NVIDIA by 1.8% during the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock worth $523,000 after purchasing an additional 19 shares in the last quarter. Palumbo Wealth Management LLC increased its position in shares of NVIDIA by 0.7% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock worth $1,395,000 after purchasing an additional 19 shares in the last quarter. Corundum Group Inc. increased its position in NVIDIA stock by 0.8% during the 4th quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker worth $1,179,000 after purchasing an additional 19 shares in the last quarter. Finally, North Star Investment Management Corp. its position in NVIDIA stock during the 4th quarter increased by 0.3%. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker worth $3,463,000, after purchasing an additional 20 shares in the last quarter. 65.27% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

NVDA has been the subject of a number of reports from research analysts. Benchmark reiterated a “buy” rating and issued a $1,000.00 price target on shares of NVIDIA in a research note on Wednesday, March 20. Citigroup raised their price objective on NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20. Craig Hallum raised his price target on NVIDIA from $700.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 22. Raymond James raised their price target on NVIDIA from $850.00 to $1,100.00 and gave the stock a “strong buy” rating in a research report on Thursday, April 11. Finally, CICC Research reported on NVIDIA in a research note on Wednesday, March 6. They issued an “outperform” rating and a $870.00 price target on the stock. Four analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $940.30.

Read our latest report on NVIDIA

NVIDIA shares fall 10.0%

Shares of NASDAQ NVDA opened at $762.00 on Friday. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.82, a PEG ratio of 1.22, and a beta of 1.73. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 52-week low of $262.25 and a 52-week high of $974.00. The company’s 50-day moving average is $844.71 and its two-hundred-day moving average is $623.54.

NVIDIA (NASDAQ:NVDA – Get Free Report) posted its latest earnings results on Wednesday, February 21. The computer hardware maker reported $5.16 earnings per share for the quarter, beating 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 company had revenue of $22.10 billion during the quarter, compared to the consensus estimate of $20.40 billion. In the same quarter of the previous year, the company posted earnings per share of $0.65. The company’s revenue increased by 265.3% compared to the same quarter last year. Research analysts predict that NVIDIA Co. will post a profit per share of 22.45 for the current year.

NVIDIA announces dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27. A dividend of $0.04 was paid to known shareholders on Wednesday, March 6. The ex-dividend date of this dividend was Tuesday, March 5. This represents a dividend of $0.16 annually and a yield of 0.02%. NVIDIA’s dividend payout ratio (DPR) currently stands at 1.34%.

Insider buying and selling at NVIDIA

In other news, Director Mark A. Stevens sold 10,000 shares of stock in a transaction that occurred on Friday, February 23rd. The shares sold at an average price of $797.57, for a total value of $7,975,700.00. Following the sale, the director now directly owns 1,124,583 shares in the company, valued at $896,933,663.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission and accessible through the SEC’s website. In related news, Director Mark A. Stevens sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 1,124,583 shares in the company, valued at $896,933,663.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the stock in a transaction that occurred on Friday, April 5. The shares were sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the transaction, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The explanation of this sale can be found here. In the last three months, insiders have sold 61,278 shares of the company’s stock, valued at $52,689,898. Corporate insiders own 3.99% of the company’s shares.

About NVIDIA

(Free report)

NVIDIA Corporation provides graphics, computing 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 business workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; car platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D Internet applications.

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