Paradigm Asset Management Co. LLC Sells 43,800 Shares of NVIDIA Co. (NASDAQ:NVDA)

Paradigm Asset Management Co. LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 64.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,570 shares of the computer hardware maker’s stock after selling 43,800 shares during the period. NVIDIA makes up approximately 0.9% of Paradigm Asset Management Co. LLC’s investment portfolio, making the stock its 17th largest position. Paradigm Asset Management Co. LLC’s holdings in NVIDIA were worth $3,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Cassaday & Co Wealth Management LLC boosted its stake in NVIDIA by 1.1% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 160,639 shares of the computer hardware maker’s stock valued at $21,572,000 after purchasing an additional 1,735 shares during the period. Grove Street Fiduciary LLC bought a new stake in shares of NVIDIA in the fourth quarter valued at about $759,000. Compass Capital Corp MA ADV acquired a new position in shares of NVIDIA in the fourth quarter valued at about $4,852,000. WP Advisors LLC increased its position in NVIDIA by 6.7% during the fourth quarter. WP Advisors LLC now owns 59,693 shares of the computer hardware maker’s stock worth $8,016,000 after acquiring an additional 3,773 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in NVIDIA in the 4th quarter worth about $913,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVDA. Benchmark restated a “buy” rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research report on Thursday, March 20th. Tigress Financial reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, February 26th. Finally, Morgan Stanley set a $162.00 price target on NVIDIA and gave the company an “overweight” rating in a research note on Wednesday, March 19th. Four investment 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.51.

NVIDIA Stock Down 5.7 %

Shares of NASDAQ:NVDA opened at $113.76 on Thursday. The business has a fifty day simple moving average of $126.01 and a 200 day simple moving average of $131.46. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $153.13. The firm has a market cap of $2.78 trillion, a P/E ratio of 44.77, 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 posted its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 0.04%. The ex-dividend date is Wednesday, March 12th. NVIDIA’s dividend payout ratio (DPR) is presently 1.36%.

Insider Buying and Selling

In other NVIDIA news, 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 completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company’s stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $22,642,615 over the last quarter. Insiders own 4.23% of the company’s stock.

About NVIDIA

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.