CSat Investment Advisory L.P. reduced its holdings in NVIDIA Co. (NASDAQ:NVDA) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,321 shares of the computer hardware maker’s stock after selling 2,462 shares during the period. NVIDIA comprises 1.0% of CSat Investment Advisory L.P.’s holdings, making the stock its 21st largest position. CSat Investment Advisory L.P.’s holdings in NVIDIA were worth $1,645,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Capital Management LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $27,000. Trust Department MB Financial Bank N A purchased a new position in NVIDIA during the fourth quarter worth approximately $31,000. Peconic Partners LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $40,000. Resources Investment Advisors Inc. purchased a new position in NVIDIA during the fourth quarter worth approximately $42,000. Finally, Clearbridge LLC purchased a new position in NVIDIA during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 69.80% of the company’s stock.
Shares of NVIDIA stock traded down $5.31 during trading hours on Monday, reaching $184.70. 10,687,765 shares of the company’s stock were exchanged, compared to its average volume of 15,847,182. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76. The firm has a market cap of $115.62 billion, a PE ratio of 30.43, a P/E/G ratio of 4.62 and a beta of 1.90. The company has a quick ratio of 6.76, a current ratio of 7.94 and a debt-to-equity ratio of 0.21.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Thursday, February 28th. NVIDIA’s dividend payout ratio is presently 10.54%.
A number of brokerages recently commented on NVDA. Sanford C. Bernstein downgraded NVIDIA from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $250.00 to $175.00 in a research report on Monday, February 11th. Royal Bank of Canada reduced their target price on NVIDIA from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, December 27th. BidaskClub downgraded NVIDIA from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Oppenheimer restated an “outperform” rating and issued a $250.00 target price on shares of NVIDIA in a research report on Wednesday, January 9th. Finally, Zacks Investment Research downgraded NVIDIA from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $204.46.
In related news, EVP Debora Shoquist sold 5,823 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $185.00, for a total value of $1,077,255.00. Following the transaction, the executive vice president now directly owns 171,783 shares of the company’s stock, valued at approximately $31,779,855. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 14,092 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $183.33, for a total value of $2,583,486.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,029 shares of company stock worth $3,678,385. Corporate insiders own 4.70% of the company’s stock.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.
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