NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Oak Family Advisors LLC

Oak Family Advisors LLC reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the computer hardware maker’s stock after selling 19 shares during the period. Oak Family Advisors LLC’s holdings in NVIDIA were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in NVDA. PrairieView Partners LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at about $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at about $34,000. Key Financial Inc increased its holdings in shares of NVIDIA by 183.3% in the first quarter. Key Financial Inc now owns 68 shares of the computer hardware maker’s stock valued at $36,000 after purchasing an additional 44 shares during the period. Piscataqua Savings Bank purchased a new stake in shares of NVIDIA in the first quarter worth about $37,000. Finally, Newfound Research LLC purchased a new stake in shares of NVIDIA in the first quarter worth about $39,000. 65.70% of the stock is currently owned by institutional investors.

In other news, Director Mark L. Perry sold 6,104 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $556.58, for a total transaction of $3,397,364.32. Following the completion of the transaction, the director now directly owns 8,031 shares in the company, valued at $4,469,893.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert K. Burgess sold 14,500 shares of the firm’s stock in a transaction on Thursday, April 15th. The stock was sold at an average price of $627.95, for a total value of $9,105,275.00. In the last three months, insiders have sold 21,804 shares of company stock valued at $13,207,675. 4.47% of the stock is owned by insiders.

NVDA has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on NVIDIA from $625.00 to $715.00 and gave the stock an “overweight” rating in a research note on Monday, April 19th. Credit Suisse Group upped their target price on NVIDIA from $620.00 to $700.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 13th. New Street Research upgraded NVIDIA from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 3rd. BMO Capital Markets upped their target price on NVIDIA from $650.00 to $680.00 and gave the stock an “outperform” rating in a research note on Monday, February 22nd. Finally, Oppenheimer upped their target price on NVIDIA from $600.00 to $700.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $611.84.

NVDA stock opened at $569.72 on Friday. The business has a fifty day moving average of $581.32 and a two-hundred day moving average of $546.90. The company has a quick ratio of 3.52, a current ratio of 3.92 and a debt-to-equity ratio of 0.39. The stock has a market cap of $354.58 billion, a price-to-earnings ratio of 93.24, a price-to-earnings-growth ratio of 3.87 and a beta of 1.45. NVIDIA Co. has a 52-week low of $314.96 and a 52-week high of $648.57.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Tuesday, February 23rd. The computer hardware maker reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.29. The company had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.83 billion. NVIDIA had a return on equity of 32.61% and a net margin of 25.89%. During the same quarter last year, the firm earned $1.89 earnings per share. As a group, sell-side analysts anticipate that NVIDIA Co. will post 7.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, March 9th. This represents a $0.64 annualized dividend and a yield of 0.11%. NVIDIA’s dividend payout ratio (DPR) is 13.94%.

NVIDIA Profile

NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. 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 design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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