Opinicus Capital Inc. Sells 4,604 Shares of NVIDIA Co. (NASDAQ:NVDA)

Opinicus Capital Inc. trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,162 shares of the computer hardware maker’s stock after selling 4,604 shares during the quarter. NVIDIA accounts for approximately 5.0% of Opinicus Capital Inc.’s portfolio, making the stock its 3rd biggest position. Opinicus Capital Inc.’s holdings in NVIDIA were worth $6,213,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Laffer Tengler Investments Inc. boosted its holdings in NVIDIA by 33.0% during the 3rd quarter. Laffer Tengler Investments Inc. now owns 27,787 shares of the computer hardware maker’s stock valued at $3,374,000 after acquiring an additional 6,894 shares during the period. tru Independence LLC grew its holdings in shares of NVIDIA by 39.6% in the third quarter. tru Independence LLC now owns 4,454 shares of the computer hardware maker’s stock valued at $541,000 after purchasing an additional 1,264 shares in the last quarter. Buckingham Capital Management Inc. increased its stake in NVIDIA by 41.0% during the 3rd quarter. Buckingham Capital Management Inc. now owns 215,790 shares of the computer hardware maker’s stock worth $26,205,000 after buying an additional 62,789 shares during the period. Jupiter Wealth Management LLC lifted its holdings in NVIDIA by 5.5% during the 3rd quarter. Jupiter Wealth Management LLC now owns 63,987 shares of the computer hardware maker’s stock worth $7,771,000 after buying an additional 3,360 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in NVIDIA by 118.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 221,024 shares of the computer hardware maker’s stock worth $26,841,000 after purchasing an additional 120,048 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Down 2.1 %

NVDA opened at $137.01 on Friday. NVIDIA Co. has a 1-year low of $47.32 and a 1-year high of $152.89. The stock has a market cap of $3.36 trillion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. The stock’s fifty day simple moving average is $139.97 and its 200 day simple moving average is $127.90. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same period in the prior year, the company earned $0.38 EPS. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. As a group, research analysts expect that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Thursday, December 5th. NVIDIA’s payout ratio is 1.57%.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 716 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $142.00, for a total transaction of $101,672.00. Following the transaction, the director now directly owns 19,942 shares in the company, valued at approximately $2,831,764. This trade represents a 3.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 125,000 shares of NVIDIA stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $122.61, for a total value of $15,326,250.00. Following the sale, the director now owns 8,255,117 shares in the company, valued at $1,012,159,895.37. The trade was a 1.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,351,886 shares of company stock valued at $176,825,650 in the last quarter. 4.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NVDA shares. Benchmark raised their price objective on shares of NVIDIA from $170.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Stifel Nicolaus increased their price target on shares of NVIDIA from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird raised their price objective on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $175.00 target price on shares of NVIDIA in a report on Thursday, November 21st. Finally, Wells Fargo & Company raised their target price on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA presently has a consensus rating of “Moderate Buy” and an average price target of $164.15.

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.