Collective Family Office LLC Decreases Position in NVIDIA Co. (NASDAQ:NVDA)

Collective Family Office LLC trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,102 shares of the computer hardware maker’s stock after selling 490 shares during the quarter. Collective Family Office LLC’s holdings in NVIDIA were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC raised its holdings in shares of NVIDIA by 124.1% in the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock worth $28,000 after buying an additional 108 shares during the last quarter. Horizons Wealth Management acquired a new position in shares of NVIDIA in the 2nd quarter valued at $41,000. Riggs Asset Managment Co. Inc. increased its position in shares of NVIDIA by 271.2% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock valued at $30,000 after acquiring an additional 179 shares during the period. FSC Wealth Advisors LLC raised its stake in NVIDIA by 313.6% in the 3rd quarter. FSC Wealth Advisors LLC now owns 273 shares of the computer hardware maker’s stock worth $33,000 after acquiring an additional 207 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its stake in NVIDIA by 100.0% during the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 280 shares of the computer hardware maker’s stock valued at $42,000 after purchasing an additional 140 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NVDA has been the subject of several research analyst reports. Tigress Financial reduced their price objective on NVIDIA from $310.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, December 8th. DZ Bank lowered shares of NVIDIA from a “buy” rating to a “sell” rating and set a $195.00 price target for the company. in a research report on Thursday, February 16th. HSBC initiated coverage on shares of NVIDIA in a report on Thursday, December 15th. They issued a “reduce” rating and a $136.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of NVIDIA from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. Finally, Cowen boosted their target price on shares of NVIDIA from $200.00 to $220.00 in a research report on Monday, December 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and an average price target of $245.32.

NVIDIA Price Performance

NASDAQ:NVDA traded up $1.84 during trading hours on Friday, hitting $257.25. 84,854,656 shares of the stock were exchanged, compared to its average volume of 50,780,742. NVIDIA Co. has a 52-week low of $108.13 and a 52-week high of $289.46. The firm’s fifty day moving average price is $210.84 and its 200 day moving average price is $166.91. The company has a current ratio of 3.52, a quick ratio of 2.73 and a debt-to-equity ratio of 0.44. The company has a market cap of $635.41 billion, a P/E ratio of 147.84, a P/E/G ratio of 4.27 and a beta of 1.76.

NVIDIA (NASDAQ:NVDA – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The computer hardware maker reported $0.88 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 company had revenue of $6.05 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the business earned $1.14 EPS. NVIDIA’s quarterly revenue was down 20.8% on a year-over-year basis. As a group, equities research analysts anticipate that NVIDIA Co. will post 3.21 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 8th will be given a $0.04 dividend. The ex-dividend date is Tuesday, March 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.06%. NVIDIA’s dividend payout ratio (DPR) is presently 9.20%.

Insider Activity

In other news, Director Mark L. Perry sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $236.37, for a total value of $4,727,400.00. Following the completion of the sale, the director now directly owns 140,000 shares in the company, valued at $33,091,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NVIDIA news, Director Mark L. Perry sold 20,000 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $236.37, for a total transaction of $4,727,400.00. Following the transaction, the director now directly owns 140,000 shares in the company, valued at $33,091,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 60,000 shares of the company’s stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $165.09, for a total value of $9,905,400.00. Following the transaction, the director now owns 2,250,193 shares in the company, valued at $371,484,362.37. The disclosure for this sale can be found here. Insiders sold 293,066 shares of company stock worth $51,229,679 over the last ninety days. Corporate insiders own 4.04% of the company’s stock.

About NVIDIA

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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.