GHP Investment Advisors Inc. Sells 2,182 Shares of NVIDIA Co. (NASDAQ:NVDA)

GHP Investment Advisors Inc. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 23.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,265 shares of the computer hardware maker’s stock after selling 2,182 shares during the quarter. GHP Investment Advisors Inc.’s holdings in NVIDIA were worth $976,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Ironwood Wealth Management LLC. boosted its stake in 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 purchasing an additional 5,695 shares during the last quarter. AMF Tjanstepension AB lifted its holdings in NVIDIA by 2.2% during the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker’s stock worth $976,348,000 after purchasing an additional 169,445 shares in the last quarter. SMI Advisory Services LLC lifted its stake in NVIDIA by 2.9% in the 3rd quarter. SMI Advisory Services LLC now owns 4,406 shares of the computer hardware maker’s stock worth $550,000 after purchasing an additional 126 shares in the last quarter. Fragasso Financial Advisors Inc boosted its position in shares of NVIDIA by 0.5% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 121,152 shares of the computer hardware maker’s stock valued at $14,713,000 after acquiring an additional 575 shares during the last quarter. Finally, Myecfo LLC lifted its holdings in shares of NVIDIA by 38.4% during the 3rd quarter. Myecfo LLC now owns 3,252 shares of the computer hardware maker’s stock worth $395,000 after acquiring an additional 902 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction on Friday, December 13th. The stock was sold at an average price of $135.28, for a total transaction of $608,760.00. Following the sale, the insider now directly owns 480,899 shares in the company, valued at $65,056,016.72. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tench Coxe sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $131.26, for a total transaction of $131,260,000.00. Following the sale, the director now owns 28,671,360 shares of the company’s stock, valued at approximately $3,763,402,713.60. The trade was a 3.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,107,632 shares of company stock valued at $146,405,286 over the last quarter. Insiders own 4.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NVDA shares. Robert W. Baird lifted their target price on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Truist Financial upped their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on shares of NVIDIA from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Bank of America boosted their target price on shares of NVIDIA from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Raymond James boosted their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.69.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $112.69 on Friday. 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 firm has a market cap of $2.75 trillion, a PE ratio of 44.35, a PEG ratio of 1.76 and a beta of 1.77. The company’s 50 day moving average price is $131.66 and its two-hundred day moving average price is $131.63. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13.

NVIDIA (NASDAQ:NVDA) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. Equities research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

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.