Sykon Capital LLC Cuts Position in NVIDIA Co. (NASDAQ:NVDA)

Sykon Capital LLC reduced its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 5.3% during the 4th quarter, according to its most recent 13F filing with the SEC.

The institutional investor owned 34,047 shares of the computer hardware maker’s stock after selling 1,918 shares during the period. NVIDIA makes up about 1.6% of Sykon Capital LLC’s holdings, making the stock its 19th largest position.



Sykon Capital LLC’s holdings in NVIDIA were worth $4,572,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SOA Wealth Advisors LLC.

raised its holdings 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 worth $14,650,000 after purchasing an additional 350 shares during the last quarter. Swedbank AB raised its stake in shares of NVIDIA by 4.8% during the 3rd quarter.

Swedbank AB now owns 40,888,722 shares of the computer hardware maker’s stock worth $4,965,526,000 after buying an additional 1,868,358 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of NVIDIA by 13.2% in the 3rd quarter.

Impax Asset Management Group plc now owns 5,501,589 shares of the computer hardware maker’s stock worth $667,278,000 after buying an additional 640,840 shares in the last quarter. Principal Financial Group Inc. grew its stake in NVIDIA by 3.

7% in the 3rd quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker’s stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares during the last quarter.

Finally, Truxt Investmentos Ltda. purchased a new position in NVIDIA during the 3rd quarter valued at about $3,259,000. 65.

27% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In Several analysts have issued reports on the stock. Raymond James reaffirmed a “strong-buy” rating on shares of NVIDIA in a report on Wednesday, April 16th.

Mizuho lowered their target price on NVIDIA from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, March 14th.

Truist Financial boosted their price target on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 27th.

Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of NVIDIA in a research note on Wednesday, April 16th. Finally, DZ Bank raised shares of NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th.

Six investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.

96. Insider Activity at NVIDIA In other NVIDIA news, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction on Thursday, March 13th.

The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76.

Following the sale, the director now directly owns 251,044 shares of the company’s stock, valued at approximately $28,993,071.56. This represents a 17.

52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, Director Aarti S.

Shah sold 20,000 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, the director now directly owns 53,208 shares of the company’s stock, valued at $6,300,891.36.

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

In the last ninety days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company’s stock.

NVIDIA Trading Up 4.3 % NVDA opened at $111.01 on Friday.

The stock has a market capitalization of $2.71 trillion, a PE ratio of 43.69, a P/E/G ratio of 1.

76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.

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

NVIDIA Co. has a 12-month low of $81.25 and a 12-month high of $195.

95. The firm’s fifty day moving average price is $113.21 and its 200 day moving average price is $129.

01. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last issued its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.

89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05.

The business had revenue of $39.33 billion for the quarter, compared to analysts’ expectations of $38.16 billion.

NVIDIA had a net margin of 55.69% and a return on equity of 114.83%.

As a group, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were issued a $0.01 dividend.

The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.

04%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

About NVIDIA ( 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. See Also Five stocks we like better than NVIDIA 3 Must-Buy Warren Buffett Stocks for Volatile Times Short Sellers Gave Up on These 3 Names Recently How to Invest in Biotech Stocks 3 Boring Stocks Outperforming the Market This Year How to trade using analyst ratings If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.

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