NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its position in NVIDIA Co. (NASDAQ:NVDA) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,256 shares of the computer hardware maker’s stock after selling 920 shares during the quarter. NVIDIA accounts for 2.2% of Everence Capital Management Inc.’s portfolio, making the stock its 7th largest position. Everence Capital Management Inc.’s holdings in NVIDIA were worth $30,830,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new stake in NVIDIA in the fourth quarter valued at $28,000. Your Advocates Ltd. LLP bought a new stake in shares of NVIDIA during the third quarter worth $30,000. Trivant Custom Portfolio Group LLC grew its holdings in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock worth $43,000 after purchasing an additional 30 shares during the last quarter. O Brien Wealth Partners LLC grew its holdings in shares of 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 purchasing an additional 53 shares during the last quarter. Finally, Beacon Capital Management Inc. acquired a new position in shares of NVIDIA during the fourth quarter valued at $50,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the completion of the sale, the director now directly owns 1,119,583 shares of the company’s stock, valued at approximately $896,494,891.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other NVIDIA news, Director Mark A. Stevens sold 12,000 shares of NVIDIA stock in a transaction on Monday, March 4th. The stock was sold at an average price of $853.54, for a total value of $10,242,480.00. Following the completion of the transaction, the director now directly owns 1,107,583 shares of the company’s stock, valued at approximately $945,366,393.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction on 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 transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $796.77 on Thursday. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. NVIDIA Co. has a 12 month low of $262.25 and a 12 month high of $974.00. The stock has a 50 day moving average of $849.38 and a 200-day moving average of $631.03. The company has a market capitalization of $1.99 trillion, a P/E ratio of 66.73, a P/E/G ratio of 1.14 and a beta of 1.73.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.21 by $0.95. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The firm’s revenue for the quarter was up 265.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. As a group, equities research analysts predict that NVIDIA Co. will post 22.55 EPS for the current year.

NVIDIA Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Craig Hallum upped their price target on NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Morgan Stanley upped their price target on NVIDIA from $795.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. CICC Research assumed coverage on NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price target on the stock. Sanford C. Bernstein upped their price target on NVIDIA from $700.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $900.00 price target on shares of NVIDIA in a research note on Monday, March 4th. Four equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $940.30.

About NVIDIA

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.