Neville Rodie & Shaw Inc. Sells 10,167 Shares of NVIDIA Corporation $NVDA

Neville Rodie & Shaw Inc. reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 127,007 shares of the computer hardware maker’s stock after selling 10,167 shares during the quarter. NVIDIA makes up about 1.7% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 16th biggest holding. Neville Rodie & Shaw Inc.’s holdings in NVIDIA were worth $23,697,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in shares of NVIDIA in the second quarter valued at about $28,000. Winnow Wealth LLC acquired a new position in NVIDIA in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC grew its stake in NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after buying an additional 67 shares during the last quarter. Spurstone Advisory Services LLC bought a new position in NVIDIA in the 2nd quarter valued at about $40,000. Finally, Kathleen S. Wright Associates Inc. lifted its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker’s stock worth $44,000 after acquiring an additional 254 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVIDIA

In other NVIDIA news, Director Harvey C. Jones sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $176.21, for a total value of $44,052,500.00. Following the sale, the director owned 7,183,280 shares in the company, valued at $1,265,765,768.80. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jen Hsun Huang sold 75,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $186.61, for a total transaction of $13,995,750.00. Following the transaction, the chief executive officer owned 71,083,203 shares of the company’s stock, valued at $13,264,836,511.83. This trade represents a 0.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,679,474 shares of company stock worth $486,790,117 over the last three months. 4.17% of the stock is owned by insiders.

NVIDIA Trading Up 0.8%

Shares of NVIDIA stock opened at $177.72 on Wednesday. The company has a quick ratio of 3.71, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. NVIDIA Corporation has a 12-month low of $86.62 and a 12-month high of $212.19. The company has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 44.10, a PEG ratio of 0.86 and a beta of 2.29. The firm’s 50-day moving average price is $186.36 and its two-hundred day moving average price is $174.65.

NVIDIA (NASDAQ:NVDA) last announced its quarterly earnings data on Wednesday, November 19th. The computer hardware maker reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.07. NVIDIA had a net margin of 53.01% and a return on equity of 99.24%. The business had revenue of $57.01 billion for the quarter, compared to analysts’ expectations of $54.66 billion. During the same period last year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. On average, analysts forecast that NVIDIA Corporation will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Thursday, December 4th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA’s payout ratio is presently 0.99%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NVDA. Evercore ISI set a $352.00 target price on NVIDIA and gave the company an “outperform” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. upped their price objective on NVIDIA from $215.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. HSBC set a $320.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Jefferies Financial Group reissued a “buy” rating and issued a $250.00 target price (up previously from $240.00) on shares of NVIDIA in a research report on Thursday, November 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $240.00 price target on shares of NVIDIA in a research report on Thursday, November 20th. Four research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NVIDIA presently has a consensus rating of “Buy” and an average price target of $258.65.

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.