Nilsine Partners LLC Sells 1,063 Shares of NVIDIA Co. (NASDAQ:NVDA)

Nilsine Partners LLC reduced its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 6.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,117 shares of the computer hardware maker’s stock after selling 1,063 shares during the period. NVIDIA comprises 1.9% of Nilsine Partners LLC’s investment portfolio, making the stock its 11th biggest position. Nilsine Partners LLC’s holdings in NVIDIA were worth $13,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVDA. LFA Lugano Financial Advisors SA bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Criterion Capital Advisors LLC bought a new position in NVIDIA in the 4th quarter worth approximately $28,000. Your Advocates Ltd. LLP bought a new position in NVIDIA in the 3rd quarter worth approximately $30,000. Able Wealth Management LLC bought a new position in NVIDIA in the 4th quarter worth approximately $32,000. Finally, Trivant Custom Portfolio Group LLC boosted its holdings in NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after buying an additional 30 shares during the period. 65.27% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Mark A. Stevens sold 10,000 shares of NVIDIA stock in a transaction dated 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 of the company’s stock, valued at approximately $896,933,663.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark A. Stevens sold 10,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $896,933,663.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Stevens sold 22,700 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $879.97, for a total transaction of $19,975,319.00. Following the sale, the director now directly owns 1,052,133 shares in the company, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Trading Down 1.5 %

NVIDIA stock traded down $13.55 during trading hours on Tuesday, reaching $864.02. The stock had a trading volume of 36,070,525 shares, compared to its average volume of 51,807,828. The company has a fifty day simple moving average of $860.82 and a 200-day simple moving average of $643.52. The stock has a market cap of $2.16 trillion, a PE ratio of 72.36, a PEG ratio of 1.26 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 Co. has a 52 week low of $272.40 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Analysts forecast that NVIDIA Co. will post 22.55 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date of this dividend was Tuesday, March 5th. NVIDIA’s payout ratio is 1.34%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVDA. Oppenheimer raised their price objective on shares of NVIDIA from $850.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, March 20th. Jefferies Financial Group raised their price objective on shares of NVIDIA from $610.00 to $780.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Piper Sandler Companies raised their price objective on shares of NVIDIA to $850.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Stifel Nicolaus reissued a “buy” rating and issued a $910.00 price target on shares of NVIDIA in a report on Wednesday, March 20th. Finally, Piper Sandler raised their price target on shares of NVIDIA from $850.00 to $1,050.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Four research 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, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus price target of $941.55.

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.