Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. lessened its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 49.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,200 shares of the computer hardware maker’s stock after selling 8,000 shares during the quarter. NVIDIA comprises 2.7% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s portfolio, making the stock its 14th biggest holding. Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s holdings in NVIDIA were worth $996,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lantz Financial LLC boosted its stake in NVIDIA by 833.1% during the second quarter. Lantz Financial LLC now owns 41,188 shares of the computer hardware maker’s stock valued at $5,088,000 after buying an additional 36,774 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of NVIDIA by 896.9% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after acquiring an additional 5,695 shares during the last quarter. Bay Rivers Group grew its holdings in shares of NVIDIA by 836.5% in the second quarter. Bay Rivers Group now owns 109,361 shares of the computer hardware maker’s stock valued at $13,510,000 after purchasing an additional 97,683 shares in the last quarter. Capital Advisory Group Advisory Services LLC increased its position in NVIDIA by 774.4% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 44,594 shares of the computer hardware maker’s stock worth $5,509,000 after purchasing an additional 39,494 shares during the last quarter. Finally, Argus Investors Counsel Inc. raised its stake in NVIDIA by 763.4% during the second quarter. Argus Investors Counsel Inc. now owns 63,747 shares of the computer hardware maker’s stock valued at $7,875,000 after purchasing an additional 56,364 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

NVIDIA Trading Down 6.2 %

NASDAQ NVDA opened at $140.14 on Wednesday. The firm has a market cap of $3.43 trillion, a PE ratio of 55.15, a price-to-earnings-growth ratio of 2.43 and a beta of 1.64. NVIDIA Co. has a 52 week low of $49.48 and a 52 week high of $153.13. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $139.72 and a 200 day moving average price of $128.37.

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

NVIDIA Dividend Announcement

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

Insider Buying and Selling

In other news, Director John Dabiri sold 716 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $142.00, for a total value of $101,672.00. Following the transaction, the director now directly owns 19,942 shares of the company’s stock, valued at approximately $2,831,764. This represents a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tench Coxe sold 1,000,000 shares of NVIDIA stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $131.26, for a total value of $131,260,000.00. Following the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at $3,763,402,713.60. This trade represents a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,071,886 shares of company stock worth $140,997,550 in the last three months. Corporate insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NVDA shares. Wedbush lifted their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on NVIDIA from $115.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Mizuho raised their price objective on NVIDIA from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Susquehanna boosted their target price on NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley lifted their price objective on shares of NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.