Graypoint LLC sells 4,548 shares of NVIDIA Co. (NASDAQ:NVDA)

Graypoint LLC has sold its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) fell 9.4% in the fourth quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,030 shares of the computer hardware maker after selling 4,548 shares during the period. NVIDIA makes up about 1.8% of Graypoint LLC’s investment portfolio, making the stock the 13th largest holding. Graypoint LLC’s holdings in NVIDIA were worth $21,804,000 at the end of the most recent reporting period.

Other institutional investors have also recently changed their holdings in the company. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA during the fourth quarter worth approximately $28,000. Peoples Financial Services CORP. bought a new stake in NVIDIA worth about $30,000 in the third quarter. Your Advocates Ltd. LLP bought a new stake in NVIDIA worth about $30,000 in the third quarter. O Brien Wealth Partners LLC increased its holdings in NVIDIA by 139.5% during the fourth quarter. O Brien Wealth Partners LLC now owns 91 shares of the computer hardware maker’s stock worth $45,000 after acquiring an additional 53 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC increased its holdings in NVIDIA by 44.1% in the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. 65.27% of the shares are currently held by institutional investors.

Insiders place their bets

In other NVIDIA news, President Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other NVIDIA news, President Mark A. Stevens sold 22,700 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 1,052,133 shares in the company, valued at $925,845,476.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, Director Mark A. Stevens sold 5,000 shares of the company’s stock in a transaction on Monday, February 26. The shares sold at an average price of $800.74, for a total value of $4,003,700.00. Following the sale, the director now owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The explanation of this sale can be found here. Insiders have sold 61,278 shares of the company worth $52,689,898 in the last three months. Insiders own 3.99% of the company’s shares.

Changes in analyst ratings

Several analysts recently published reports on the company. Evercore ISI covered NVIDIA in a report on Tuesday, April 16. They gave an ‘outperform’ rating and a target price of $1,160.00 for the stock. DA Davidson raised their price target on NVIDIA from $410.00 to $620.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22. Benchmark reissued a “buy” rating and set a $1,000.00 price target on shares of NVIDIA in a research report on Wednesday, March 20. Cantor Fitzgerald reissued an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a research report on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on NVIDIA from $720.00 to $850.00 and gave the stock a “hold” rating in a research report on Wednesday, March 20. Four research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average price target of $940.30.

Check out our latest analysis on NVIDIA

NVIDIA trading down 10.0%

Shares of NASDAQ:NVDA opened at $762.00 on Monday. The company has a market cap of $1.91 trillion, a price-to-earnings ratio of 63.82, a price-to-earnings ratio of 1.10, and a beta of 1.73. NVIDIA Co. has a 1-year low of $262.25 and a 1-year high of $974.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The company’s 50-day simple moving average is $844.71 and its 200-day simple moving average is $624.83.

NVIDIA (NASDAQ:NVDA – Get Free Report) last reported its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The company had revenue of $22.10 billion during the quarter, compared to analyst expectations of $20.40 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s quarterly revenue rose 265.3% year over year. On average, research analysts expect NVIDIA Co. will record a profit per share of 22.55 for the current financial year.

NVIDIA announces dividend

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

NVIDIA Company Profile

(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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