NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Apollon Financial LLC

Apollon Financial LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,349 shares of the computer hardware maker’s stock after selling 5,214 shares during the quarter. NVIDIA makes up approximately 7.5% of Apollon Financial LLC’s investment portfolio, making the stock its largest position. Apollon Financial LLC’s holdings in NVIDIA were worth $25,545,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. WealthPlan Investment Management LLC increased its holdings in NVIDIA by 97.6% in the third quarter. WealthPlan Investment Management LLC now owns 91,563 shares of the computer hardware maker’s stock worth $11,119,000 after purchasing an additional 45,231 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of NVIDIA by 142.9% during the 3rd quarter. GSA Capital Partners LLP now owns 52,598 shares of the computer hardware maker’s stock worth $6,388,000 after buying an additional 30,940 shares during the period. Harbour Investments Inc. increased its stake in shares of NVIDIA by 0.7% in the 3rd quarter. Harbour Investments Inc. now owns 218,989 shares of the computer hardware maker’s stock valued at $26,594,000 after acquiring an additional 1,523 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of NVIDIA by 10.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 996,650 shares of the computer hardware maker’s stock valued at $121,033,000 after acquiring an additional 91,591 shares during the period. Finally, Vestia Personal Wealth Advisors boosted its stake in NVIDIA by 38.8% during the third quarter. Vestia Personal Wealth Advisors now owns 3,731 shares of the computer hardware maker’s stock worth $453,000 after acquiring an additional 1,042 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NVIDIA news, CFO Colette Kress sold 66,670 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $135.40, for a total value of $9,027,118.00. Following the transaction, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total transaction of $608,760.00. Following the completion of the sale, the insider now directly owns 480,899 shares of the company’s stock, valued at approximately $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,351,886 shares of company stock worth $176,825,650. 4.23% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

Shares of NVIDIA stock opened at $137.01 on Friday. The firm 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 company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 52 week low of $47.32 and a 52 week high of $152.89. The business’s fifty day simple moving average is $139.97 and its 200-day simple moving average is $127.95.

NVIDIA (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company’s revenue was up 93.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Equities analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price objective on NVIDIA from $150.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Wedbush boosted their price target on shares of NVIDIA from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. HSBC raised their price objective on shares of NVIDIA from $145.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. William Blair assumed coverage on shares of NVIDIA in a research report on Wednesday, September 18th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company raised their price target on shares of NVIDIA from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Four research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.15.

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.