Farmers & Merchants Investments Inc. Reduces Holdings in NVIDIA Co. (NASDAQ:NVDA)

Farmers & Merchants Investments Inc. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 66,488 shares of the computer hardware maker’s stock after selling 7,209 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in NVIDIA were worth $8,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sanchez Wealth Management Group raised its holdings in shares of NVIDIA by 17.0% in the 4th quarter. Sanchez Wealth Management Group now owns 7,557 shares of the computer hardware maker’s stock valued at $1,015,000 after purchasing an additional 1,097 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of NVIDIA by 1.8% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 440,179 shares of the computer hardware maker’s stock valued at $59,112,000 after acquiring an additional 7,913 shares during the period. Strid Group LLC raised its stake in shares of NVIDIA by 87.6% in the fourth quarter. Strid Group LLC now owns 3,320 shares of the computer hardware maker’s stock worth $446,000 after purchasing an additional 1,550 shares during the last quarter. Serenus Wealth Advisors LLC acquired a new stake in NVIDIA during the 4th quarter valued at approximately $856,000. Finally, Kingsview Wealth Management LLC grew its position in NVIDIA by 3.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 920,299 shares of the computer hardware maker’s stock worth $123,587,000 after purchasing an additional 30,403 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other NVIDIA news, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $131.26, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.28, for a total value 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 represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock worth $146,405,286 in the last 90 days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Trading Down 5.1 %

NASDAQ:NVDA opened at $106.98 on Tuesday. The stock’s 50 day moving average price is $131.05 and its 200 day moving average price is $131.57. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $153.13. The company has a market capitalization of $2.61 trillion, a PE ratio of 42.10, a P/E/G ratio of 1.76 and a beta of 1.77. 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 announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm 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. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s payout ratio is 1.36%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NVDA. Raymond James increased their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Melius Research increased their target price on shares of NVIDIA from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barclays boosted their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Summit Insights downgraded shares of NVIDIA from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Susquehanna boosted their price objective on shares of NVIDIA from $160.00 to $180.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.69.

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.