Vicus Capital Decreases Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Vicus Capital lowered its stake in NVIDIA Co. (NASDAQ:NVDA) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,481 shares of the computer hardware maker’s stock after selling 2,040 shares during the quarter. Vicus Capital’s holdings in NVIDIA were worth $2,714,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its position in shares of NVIDIA by 64.8% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 15,950 shares of the computer hardware maker’s stock valued at $7,899,000 after buying an additional 6,272 shares in the last quarter. Strata Wealth Advisors LLC raised its position in shares of NVIDIA by 8.0% during the 4th quarter. Strata Wealth Advisors LLC now owns 1,520 shares of the computer hardware maker’s stock valued at $753,000 after buying an additional 113 shares in the last quarter. Criterion Capital Advisors LLC purchased a new stake in shares of NVIDIA during the 4th quarter valued at about $28,000. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of NVIDIA by 38.2% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 165,196 shares of the computer hardware maker’s stock valued at $81,806,000 after buying an additional 45,677 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its position in shares of NVIDIA by 42.3% during the 4th quarter. Tradewinds Capital Management LLC now owns 669 shares of the computer hardware maker’s stock valued at $331,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Trading Up 0.0 %

NASDAQ:NVDA opened at $877.57 on Tuesday. NVIDIA Co. has a 52 week low of $272.40 and a 52 week high of $974.00. The firm has a 50 day moving average of $857.43 and a 200 day moving average of $640.64. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 73.50, a PEG ratio of 1.26 and a beta of 1.73.

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

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other NVIDIA news, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $879.97, for a total value of $19,975,319.00. Following the completion of the transaction, the director now owns 1,052,133 shares of the company’s stock, valued at $925,845,476.01. The transaction was disclosed in a filing with the SEC, which is available at this link. In other NVIDIA news, Director Mark A. Stevens sold 5,000 shares of the firm’s 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 owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Stevens sold 22,700 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 1,052,133 shares of the company’s stock, valued at approximately $925,845,476.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,278 shares of company stock valued at $52,689,898. Insiders own 3.99% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Loop Capital started coverage on shares of NVIDIA in a report on Friday, February 16th. They set a “buy” rating and a $1,200.00 price target on the stock. Craig Hallum upped their price target on shares of NVIDIA from $700.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. UBS Group upped their price target on shares of NVIDIA from $800.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, Bank of America upped their price target on shares of NVIDIA from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $940.30.

NVIDIA 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.