NORTHSTAR ASSET MANAGEMENT Co LLC Sells 500 Shares of NVIDIA Co. (NASDAQ:NVDA)

NORTHSTAR ASSET MANAGEMENT Co LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 46,550 shares of the computer hardware maker’s stock after selling 500 shares during the period. NVIDIA makes up approximately 1.4% of NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings, making the stock its 16th biggest holding. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in NVIDIA were worth $6,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Regents Gate Capital LLP bought a new position in NVIDIA in the 4th quarter worth about $19,203,000. Soltis Investment Advisors LLC raised its stake in shares of NVIDIA by 24.0% during the fourth quarter. Soltis Investment Advisors LLC now owns 270,187 shares of the computer hardware maker’s stock valued at $36,283,000 after acquiring an additional 52,318 shares in the last quarter. FSR Wealth Management Ltd. purchased a new stake in shares of NVIDIA in the fourth quarter valued at approximately $1,619,000. Cornerstone Planning Group LLC grew its stake in NVIDIA by 140.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 21,705 shares of the computer hardware maker’s stock worth $2,915,000 after purchasing an additional 12,676 shares in the last quarter. Finally, Quilter Plc raised its position in NVIDIA by 17.3% during the 4th quarter. Quilter Plc now owns 1,748,616 shares of the computer hardware maker’s stock valued at $234,822,000 after purchasing an additional 257,260 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

NVIDIA Stock Up 6.4 %

NVDA stock opened at $115.74 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The firm’s fifty day simple moving average is $130.17 and its 200-day simple moving average is $131.31. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $153.13. The company has a market capitalization of $2.82 trillion, a P/E ratio of 45.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA’s dividend payout ratio is currently 1.36%.

Analysts Set New Price Targets

NVDA has been the subject of several research reports. TD Cowen upped their target price on NVIDIA from $165.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Bank of America upped their price objective on shares of NVIDIA from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Oppenheimer reissued an “outperform” rating and set a $175.00 target price on shares of NVIDIA in a research report on Thursday, November 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $220.00 price target on shares of NVIDIA in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Four equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.69.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 480,899 shares in the company, valued at approximately $65,056,016.72. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,110,295 shares of company stock valued at $146,698,216. 4.23% of the stock is owned by company insiders.

NVIDIA Company 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.