Emerald Advisers LLC Sells 1,502 Shares of NVIDIA Co. (NASDAQ:NVDA)

Emerald Advisers LLC trimmed its position in NVIDIA Co. (NASDAQ:NVDA – Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the SEC.

The institutional investor owned 69,908 shares of the computer hardware maker’s stock after selling 1,502 shares during the period. Emerald Advisers LLC’s holdings in NVIDIA were worth $9,388,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.



SOA Wealth Advisors LLC. grew its position in NVIDIA by 0.3% during the third quarter.

SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker’s stock valued at $14,650,000 after buying an additional 350 shares during the period. Swedbank AB boosted its stake in NVIDIA by 4.

8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock valued at $4,965,526,000 after acquiring an additional 1,868,358 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of NVIDIA by 13.

2% during the 3rd quarter. Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker’s stock valued at $667,278,000 after acquiring an additional 640,840 shares during the period. Principal Financial Group Inc.

increased its stake in shares of NVIDIA by 3.7% during the 3rd quarter. Principal Financial Group Inc.

now owns 35,627,274 shares of the computer hardware maker’s stock worth $4,326,576,000 after purchasing an additional 1,285,897 shares during the last quarter. Finally, Delta Financial Advisors LLC raised its holdings in shares of NVIDIA by 0.6% in the 3rd quarter.

Delta Financial Advisors LLC now owns 82,969 shares of the computer hardware maker’s stock worth $10,076,000 after purchasing an additional 485 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Insider Buying and SellingIn other NVIDIA news, Director John Dabiri sold 2,663 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.

00. Following the sale, the director now owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.

35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aarti S.

Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.

00. Following the transaction, the director now owns 53,208 shares of the company’s stock, valued at $6,300,891.36.

The trade was a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last three months. 4.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast GrowthNVDA has been the subject of a number of recent research reports. UBS Group reissued a “buy” rating on shares of NVIDIA in a research report on Friday. DZ Bank raised NVIDIA from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.

DA Davidson dropped their price objective on shares of NVIDIA from $125.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday, April 14th.

Bank of America cut their price objective on shares of NVIDIA from $200.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 16th.

Finally, Citigroup reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.

com, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.96.Read Our Latest Report on NVIDIANVIDIA Stock PerformanceShares of NVDA opened at $111.

01 on Friday. NVIDIA Co. has a one year low of $81.

25 and a one year high of $195.95. The company has a 50-day simple moving average of $113.

21 and a two-hundred day simple moving average of $128.99. The company has a debt-to-equity ratio of 0.

13, a current ratio of 4.10 and a quick ratio of 3.64.

The firm has a market capitalization of $2.71 trillion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 1.

76 and a beta of 1.96. NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, February 26th.

The computer hardware maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.

05. The company had revenue of $39.33 billion during the quarter, compared to analysts’ expectations of $38.

16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.

69%. On average, analysts anticipate that NVIDIA Co. will post 2.

77 EPS for the current fiscal year. NVIDIA Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.

01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.

04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA’s dividend payout ratio is presently 1.

36%. NVIDIA Company Profile (Free Report)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.

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