NVIDIA Co. (NVDA) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC cut its stake in NVIDIA Co. (NASDAQ:NVDA) by 39.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,123 shares of the computer hardware maker’s stock after selling 13,103 shares during the quarter. Ingalls & Snyder LLC’s holdings in NVIDIA were worth $3,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Elite Wealth Management Inc. grew its position in shares of NVIDIA by 0.6% in the fourth quarter. Elite Wealth Management Inc. now owns 12,053 shares of the computer hardware maker’s stock valued at $1,609,000 after purchasing an additional 76 shares in the last quarter. Strategic Wealth Partners Ltd. boosted its stake in NVIDIA by 37.6% during the third quarter. Strategic Wealth Partners Ltd. now owns 289 shares of the computer hardware maker’s stock valued at $81,000 after buying an additional 79 shares during the period. Contravisory Investment Management Inc. boosted its stake in NVIDIA by 4.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 2,242 shares of the computer hardware maker’s stock valued at $299,000 after buying an additional 86 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in NVIDIA by 0.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 13,555 shares of the computer hardware maker’s stock valued at $1,809,000 after buying an additional 93 shares during the period. Finally, Blue Fin Capital Inc. boosted its stake in NVIDIA by 2.0% during the fourth quarter. Blue Fin Capital Inc. now owns 4,766 shares of the computer hardware maker’s stock valued at $636,000 after buying an additional 95 shares during the period. Institutional investors own 69.89% of the company’s stock.

In related news, CFO Colette Kress sold 14,092 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $183.33, for a total transaction of $2,583,486.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Debora Shoquist sold 5,823 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were 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 owns 171,783 shares in the company, valued at approximately $31,779,855. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,029 shares of company stock worth $3,678,385. 4.64% of the stock is owned by company insiders.

Several research firms recently issued reports on NVDA. BidaskClub lowered NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. DZ Bank lowered NVIDIA to a “sell” rating and set a $170.00 price objective for the company. in a research note on Friday, April 12th. TheStreet raised NVIDIA from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Nomura began coverage on NVIDIA in a research note on Tuesday, April 2nd. They set a “neutral” rating and a $147.00 price objective for the company. Finally, Zacks Investment Research raised NVIDIA from a “strong sell” rating to a “hold” rating in a research note on Monday, April 1st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-six have given a buy rating to the company. NVIDIA has a consensus rating of “Buy” and an average price target of $204.46.

Shares of NVDA traded down $0.18 during trading hours on Friday, hitting $183.01. The company had a trading volume of 8,363,687 shares, compared to its average volume of 14,976,213. The company has a market cap of $111.36 billion, a P/E ratio of 30.15, a P/E/G ratio of 4.37 and a beta of 1.86. The company has a current ratio of 7.94, a quick ratio of 6.76 and a debt-to-equity ratio of 0.21. NVIDIA Co. has a 52-week low of $124.46 and a 52-week high of $292.76.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, February 14th. The computer hardware maker reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a return on equity of 41.78% and a net margin of 35.35%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. The company’s quarterly revenue was down 24.3% on a year-over-year basis. Equities research analysts forecast that NVIDIA Co. will post 4.46 earnings per share for the current fiscal year.

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NVIDIA Company Profile

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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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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