NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Decreased by Aldebaran Financial Inc.

Aldebaran Financial Inc. reduced its stake in NVIDIA Co. (NASDAQ:NVDA) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,757 shares of the computer hardware maker’s stock after selling 344 shares during the quarter. NVIDIA accounts for 3.1% of Aldebaran Financial Inc.’s investment portfolio, making the stock its 8th biggest holding. Aldebaran Financial Inc.’s holdings in NVIDIA were worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NVDA. Tri Ri Asset Management Corp acquired a new stake in shares of NVIDIA in the 3rd quarter valued at approximately $1,245,000. Morse Asset Management Inc raised its holdings in NVIDIA by 0.7% during the third quarter. Morse Asset Management Inc now owns 202,054 shares of the computer hardware maker’s stock worth $24,537,000 after purchasing an additional 1,374 shares during the last quarter. Diamant Asset Management Inc. acquired a new position in NVIDIA during the third quarter worth $247,000. Advisory Resource Group raised its holdings in NVIDIA by 6.1% during the third quarter. Advisory Resource Group now owns 17,620 shares of the computer hardware maker’s stock worth $2,140,000 after purchasing an additional 1,016 shares during the last quarter. Finally, McIlrath & Eck LLC raised its holdings in NVIDIA by 18.7% during the third quarter. McIlrath & Eck LLC now owns 20,365 shares of the computer hardware maker’s stock worth $2,473,000 after purchasing an additional 3,214 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Trading Up 4.4 %

Shares of NVDA opened at $147.07 on Thursday. The business has a 50-day moving average of $138.69 and a 200 day moving average of $129.22. NVIDIA Co. has a fifty-two week low of $58.58 and a fifty-two week high of $153.13. The firm has a market cap of $3.60 trillion, a P/E ratio of 57.88, a price-to-earnings-growth ratio of 2.48 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $35.08 billion during the quarter, compared to the consensus estimate of $33.15 billion. During the same quarter last year, the company earned $0.38 EPS. The firm’s revenue was up 93.6% compared to the same quarter last year. As a group, research analysts forecast that NVIDIA Co. will post 2.78 EPS for the current year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors 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 yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Insider Buying and Selling

In other NVIDIA news, EVP Ajay K. Puri sold 36,462 shares of NVIDIA stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now directly owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, December 13th. The stock was 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 directly owns 480,899 shares in the company, valued at $65,056,016.72. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 in the last quarter. 4.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVDA. Morgan Stanley lifted their price objective on NVIDIA from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Raymond James lifted their price objective on NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. The Goldman Sachs Group raised their price target on NVIDIA from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Robert W. Baird raised their price target on NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Mizuho raised their price target on NVIDIA from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of “Moderate Buy” and an average price target of $164.63.

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.