Tributary Capital Management LLC Sells 50 Shares of NVIDIA Co. (NASDAQ:NVDA)

Tributary Capital Management LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,625 shares of the computer hardware maker’s stock after selling 50 shares during the period. Tributary Capital Management LLC’s holdings in NVIDIA were worth $1,795,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. North Star Investment Management Corp. boosted its stake in shares of NVIDIA by 0.3% during the 4th quarter. North Star Investment Management Corp. now owns 6,994 shares of the computer hardware maker’s stock valued at $3,463,000 after purchasing an additional 20 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of NVIDIA by 1.0% during the 4th quarter. LS Investment Advisors LLC now owns 2,120 shares of the computer hardware maker’s stock valued at $1,050,000 after purchasing an additional 20 shares in the last quarter. PCA Investment Advisory Services Inc. boosted its stake in shares of NVIDIA by 2.5% during the 3rd quarter. PCA Investment Advisory Services Inc. now owns 857 shares of the computer hardware maker’s stock valued at $373,000 after purchasing an additional 21 shares in the last quarter. IMPACTfolio LLC boosted its stake in shares of NVIDIA by 4.1% during the 4th quarter. IMPACTfolio LLC now owns 529 shares of the computer hardware maker’s stock valued at $262,000 after purchasing an additional 21 shares in the last quarter. Finally, Family Legacy Inc. boosted its stake in shares of NVIDIA by 4.1% during the 3rd quarter. Family Legacy Inc. now owns 554 shares of the computer hardware maker’s stock valued at $241,000 after purchasing an additional 22 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NVDA. Stifel Nicolaus reaffirmed a “buy” rating and set a $910.00 target price on shares of NVIDIA in a research note on Wednesday, March 20th. Citigroup boosted their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Mizuho boosted their price objective on shares of NVIDIA from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Tigress Financial boosted their price objective on shares of NVIDIA from $790.00 to $985.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Loop Capital began coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $908.68.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the sale, the executive vice president now directly owns 48,360 shares of the company’s stock, valued at $24,180,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other NVIDIA news, Director John Dabiri sold 128 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares in the company, valued at $1,931,700. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Debora Shoquist sold 5,676 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $500.00, for a total transaction of $2,838,000.00. Following the completion of the transaction, the executive vice president now owns 48,360 shares of the company’s stock, valued at $24,180,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,352 shares of company stock valued at $64,853,077. Insiders own 3.99% of the company’s stock.

NVIDIA Stock Down 2.5 %

Shares of NVDA stock opened at $902.50 on Thursday. NVIDIA Co. has a 12 month low of $258.50 and a 12 month high of $974.00. The stock has a market cap of $2.26 trillion, a P/E ratio of 75.59, a P/E/G ratio of 1.33 and a beta of 1.73. The company has a current ratio of 4.17, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $758.96 and a two-hundred day simple moving average of $569.38.

NVIDIA (NASDAQ:NVDA) last announced 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. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The business had revenue of $22.10 billion during the quarter, compared to analysts’ expectations of $20.40 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 265.3% on a year-over-year basis. On average, research analysts expect that NVIDIA Co. will post 22.45 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 dividend on an annualized basis and a yield of 0.02%. NVIDIA’s dividend payout ratio is currently 1.34%.

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.