NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Alerus Financial NA

Alerus Financial NA lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 7.1% in the 3rd quarter, Holdings Channel reports. The fund owned 383,649 shares of the computer hardware maker’s stock after selling 29,354 shares during the period. NVIDIA comprises 3.4% of Alerus Financial NA’s investment portfolio, making the stock its 8th biggest holding. Alerus Financial NA’s holdings in NVIDIA were worth $46,590,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NVDA. Ironwood Wealth Management LLC. grew its position in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock valued at $782,000 after buying an additional 5,695 shares in the last quarter. Financial Guidance Group Inc. boosted its holdings in shares of NVIDIA by 900.0% in the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock valued at $445,000 after acquiring an additional 3,240 shares in the last quarter. Rooted Wealth Advisors Inc. increased its stake in shares of NVIDIA by 907.3% during the second quarter. Rooted Wealth Advisors Inc. now owns 14,576 shares of the computer hardware maker’s stock valued at $1,765,000 after acquiring an additional 13,129 shares during the period. New Millennium Group LLC raised its holdings in NVIDIA by 975.1% during the second quarter. New Millennium Group LLC now owns 147,763 shares of the computer hardware maker’s stock worth $18,255,000 after purchasing an additional 134,019 shares in the last quarter. Finally, Roger Wittlin Investment Advisory LLC lifted its position in NVIDIA by 900.0% in the second quarter. Roger Wittlin Investment Advisory LLC now owns 2,470 shares of the computer hardware maker’s stock worth $305,000 after purchasing an additional 2,223 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In related news, Director Tench Coxe sold 1,000,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. This represents a 3.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This trade represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,108,348 shares of company stock worth $146,506,958. 4.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research analyst reports. HSBC lowered their price target on NVIDIA from $195.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. lifted their target price on NVIDIA from $155.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Piper Sandler upped their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company an “overweight” rating in a report on Monday, November 11th. DA Davidson lifted their price objective on shares of NVIDIA from $90.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Citigroup increased their target price on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Four equities research analysts have rated the stock with a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.27.

NVIDIA Trading Up 3.5 %

NASDAQ:NVDA opened at $136.32 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company has a market capitalization of $3.34 trillion, a P/E ratio of 53.65, a P/E/G ratio of 2.43 and a beta of 1.64. The stock’s 50 day moving average price is $139.68 and its 200 day moving average price is $128.82. NVIDIA Co. has a 52 week low of $54.74 and a 52 week high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA’s revenue for the quarter was up 93.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. On average, research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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. The ex-dividend date was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is currently 1.57%.

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.