Consolidated Planning Corp Sells 7,030 Shares of NVIDIA Co. (NASDAQ:NVDA)

Consolidated Planning Corp lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDAGet Rating) by 71.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,860 shares of the computer hardware maker’s stock after selling 7,030 shares during the period. Consolidated Planning Corp’s holdings in NVIDIA were worth $347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp increased its position in NVIDIA by 1.8% during the second quarter. State Street Corp now owns 97,842,783 shares of the computer hardware maker’s stock worth $14,835,689,000 after buying an additional 1,743,632 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in NVIDIA by 7.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 56,929,819 shares of the computer hardware maker’s stock worth $8,629,991,000 after buying an additional 3,813,087 shares during the last quarter. Legal & General Group Plc increased its position in NVIDIA by 4.4% during the second quarter. Legal & General Group Plc now owns 18,243,948 shares of the computer hardware maker’s stock worth $2,765,602,000 after buying an additional 764,184 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in NVIDIA by 3.3% during the second quarter. UBS Asset Management Americas Inc. now owns 14,612,261 shares of the computer hardware maker’s stock worth $2,215,073,000 after buying an additional 467,060 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in NVIDIA by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 12,269,735 shares of the computer hardware maker’s stock worth $3,347,921,000 after buying an additional 243,671 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

NVIDIA Stock Down 1.7 %

Shares of NASDAQ:NVDA opened at $189.31 on Wednesday. The company has a quick ratio of 2.74, a current ratio of 3.39 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $162.10 and a 200 day simple moving average of $153.77. NVIDIA Co. has a 12-month low of $108.13 and a 12-month high of $289.46. The firm has a market cap of $471.38 billion, a P/E ratio of 81.98, a P/E/G ratio of 7.29 and a beta of 1.77.

NVIDIA (NASDAQ:NVDAGet Rating) last issued its quarterly earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). NVIDIA had a return on equity of 30.75% and a net margin of 20.85%. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The business’s revenue was down 16.5% on a year-over-year basis. Analysts predict that NVIDIA Co. will post 2.19 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Shareholders of record on Thursday, December 1st were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, November 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.08%. NVIDIA’s payout ratio is currently 6.81%.

Analyst Ratings Changes

A number of brokerages have weighed in on NVDA. StockNews.com downgraded NVIDIA from a “hold” rating to a “sell” rating in a research report on Thursday, October 20th. Truist Financial upped their target price on NVIDIA from $198.00 to $238.00 and gave the company a “buy” rating in a research report on Monday. Cowen increased their price target on NVIDIA from $200.00 to $220.00 in a research report on Monday, December 12th. Susquehanna Bancshares increased their price target on NVIDIA from $180.00 to $185.00 and gave the stock a “positive” rating in a research report on Thursday, November 17th. Finally, Citigroup reduced their price target on NVIDIA from $248.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $209.23.

Insiders Place Their Bets

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 2,494 shares of the stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $167.89, for a total transaction of $418,717.66. Following the completion of the sale, the insider now directly owns 56,617 shares in the company, valued at approximately $9,505,428.13. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Donald F. Robertson, Jr. sold 2,494 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $167.89, for a total value of $418,717.66. Following the completion of the sale, the insider now directly owns 56,617 shares in the company, valued at approximately $9,505,428.13. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Stevens sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $165.09, for a total value of $9,905,400.00. Following the completion of the sale, the director now owns 2,250,193 shares of the company’s stock, valued at $371,484,362.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 227,787 shares of company stock worth $36,844,997. Company insiders own 4.04% of the company’s stock.

About NVIDIA

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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