AR Asset Management Inc. Decreases Holdings in NVIDIA Co. (NASDAQ:NVDA)

AR Asset Management Inc. lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,330 shares of the computer hardware maker’s stock after selling 2,030 shares during the quarter. NVIDIA comprises 2.5% of AR Asset Management Inc.’s investment portfolio, making the stock its 10th largest position. AR Asset Management Inc.’s holdings in NVIDIA were worth $11,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Eubel Brady & Suttman Asset Management Inc. raised its stake in NVIDIA by 14.9% in the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 7,017 shares of the computer hardware maker’s stock valued at $942,000 after purchasing an additional 910 shares in the last quarter. Dahring Cusmano LLC bought a new position in shares of NVIDIA in the 4th quarter worth $251,000. Blackston Financial Advisory Group LLC raised its position in shares of NVIDIA by 5.9% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 23,558 shares of the computer hardware maker’s stock valued at $3,164,000 after buying an additional 1,303 shares in the last quarter. Capital Advisory Group Advisory Services LLC lifted its holdings in shares of NVIDIA by 0.7% during the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 41,932 shares of the computer hardware maker’s stock worth $5,631,000 after acquiring an additional 272 shares during the last quarter. Finally, Crumly & Associates Inc. grew its position in NVIDIA by 3.2% in the fourth quarter. Crumly & Associates Inc. now owns 10,654 shares of the computer hardware maker’s stock worth $1,431,000 after acquiring an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In

NVDA has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays raised their price objective on NVIDIA from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, January 17th. DA Davidson cut their target price on NVIDIA from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. HSBC decreased their price target on shares of NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of NVIDIA in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $171.51.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at $55,997,190.40. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. This represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 183,609 shares of company stock valued at $22,642,615 in the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Stock Down 2.0 %

Shares of NVDA opened at $111.43 on Friday. The company has a market capitalization of $2.72 trillion, a price-to-earnings ratio of 43.85, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $153.13. The stock’s 50-day moving average price is $125.57 and its 200-day moving average price is $131.32. 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 (NASDAQ:NVDA) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. On average, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA’s dividend payout ratio (DPR) is currently 1.36%.

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.