Lipe & Dalton Sells 100 Shares of NVIDIA Co. (NASDAQ:NVDA)

Lipe & Dalton decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,070 shares of the computer hardware maker’s stock after selling 100 shares during the quarter. Lipe & Dalton’s holdings in NVIDIA were worth $530,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lodestar Private Asset Management LLC raised its holdings in shares of NVIDIA by 1.0% in the 4th quarter. Lodestar Private Asset Management LLC now owns 1,652 shares of the computer hardware maker’s stock worth $818,000 after buying an additional 17 shares in the last quarter. Campbell Newman Asset Management Inc. increased its holdings in NVIDIA by 0.6% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 2,991 shares of the computer hardware maker’s stock valued at $1,481,000 after purchasing an additional 18 shares in the last quarter. Aprio Wealth Management LLC increased its holdings in NVIDIA by 1.8% during the 4th quarter. Aprio Wealth Management LLC now owns 1,056 shares of the computer hardware maker’s stock valued at $523,000 after purchasing an additional 19 shares in the last quarter. Palumbo Wealth Management LLC increased its holdings in NVIDIA by 0.7% during the 4th quarter. Palumbo Wealth Management LLC now owns 2,816 shares of the computer hardware maker’s stock valued at $1,395,000 after purchasing an additional 19 shares in the last quarter. Finally, Corundum Group Inc. increased its holdings in NVIDIA by 0.8% during the 4th quarter. Corundum Group Inc. now owns 2,380 shares of the computer hardware maker’s stock valued at $1,179,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Performance

NVDA opened at $796.77 on Thursday. The business’s 50-day moving average price is $849.38 and its two-hundred day moving average price is $631.03. NVIDIA Co. has a 1 year low of $262.25 and a 1 year high of $974.00. The company has a market capitalization of $1.99 trillion, a price-to-earnings ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73. 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 (NASDAQ:NVDA) last released its quarterly earnings results 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 return on equity of 93.61% and a net margin of 48.85%. The firm had revenue of $22.10 billion for the quarter, compared to the consensus estimate of $20.40 billion. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. Equities analysts expect that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NVDA shares. HSBC raised their price target on NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a report on Monday, March 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a report on Monday, March 4th. Bank of America raised their price target on NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Loop Capital started coverage on NVIDIA in a research report on Friday, February 16th. They issued a “buy” rating and a $1,200.00 price objective on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $1,100.00 price objective on shares of NVIDIA in a research report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $940.30.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The stock was 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 approximately $896,494,891.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Donald F. Robertson, Jr. sold 450 shares of NVIDIA stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $911.62, for a total value of $410,229.00. Following the sale, the insider now owns 49,815 shares of the company’s stock, valued at $45,412,350.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $800.74, for a total value of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares in the company, valued at approximately $896,494,891.42. The disclosure for this sale can be found here. Insiders have sold 61,278 shares of company stock valued at $52,689,898 in the last 90 days. 3.99% of the stock is currently owned by company insiders.

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.