Donaldson Capital Management LLC Sells 530 Shares of NVIDIA Co. (NASDAQ:NVDA)

Donaldson Capital Management LLC lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 11.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,096 shares of the computer hardware maker’s stock after selling 530 shares during the quarter. Donaldson Capital Management LLC’s holdings in NVIDIA were worth $3,701,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NVDA. LFA Lugano Financial Advisors SA purchased a new position in NVIDIA during the 4th quarter valued at $28,000. Criterion Capital Advisors LLC bought a new stake in NVIDIA during the 4th quarter valued at approximately $28,000. Your Advocates Ltd. LLP purchased a new position in shares of NVIDIA during the 3rd quarter worth approximately $30,000. Able Wealth Management LLC bought a new position in shares of NVIDIA in the 4th quarter worth approximately $32,000. Finally, Trivant Custom Portfolio Group LLC lifted its stake in shares of NVIDIA by 44.1% in the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after purchasing an additional 30 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NVDA shares. Argus upped their price target on NVIDIA from $850.00 to $950.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. CICC Research assumed coverage on shares of NVIDIA in a report on Wednesday, March 6th. They issued an “outperform” rating and a $870.00 price objective on the stock. Wolfe Research lifted their target price on shares of NVIDIA from $630.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Finally, Needham & Company LLC upped their price target on NVIDIA from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $940.30.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 128 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total value of $120,320.00. Following the sale, the director now owns 2,055 shares in the company, valued at approximately $1,931,700. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other NVIDIA news, Director John Dabiri sold 128 shares of NVIDIA stock in a transaction on Monday, March 25th. The shares were sold at an average price of $940.00, for a total transaction of $120,320.00. Following the completion of the transaction, the director now directly owns 2,055 shares of the company’s stock, valued at $1,931,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Stevens sold 5,000 shares of NVIDIA stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $800.74, for a total transaction of $4,003,700.00. Following the transaction, the director now directly owns 1,119,583 shares of the company’s stock, valued at $896,494,891.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,278 shares of company stock valued at $52,689,898. Corporate insiders own 3.99% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock traded up $51.03 on Friday, hitting $877.35. 54,877,793 shares of the stock traded hands, compared to its average volume of 43,852,452. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 73.48, a PEG ratio of 1.18 and a beta of 1.73. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.17 and a quick ratio of 3.67. The firm has a 50 day simple moving average of $854.40 and a two-hundred day simple moving average of $635.34. NVIDIA Co. has a 52 week low of $266.25 and a 52 week high of $974.00.

NVIDIA (NASDAQ:NVDA) last posted its quarterly earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. NVIDIA had a return on equity of 93.61% and a net margin of 48.85%. The business had revenue of $22.10 billion for the quarter, compared to analysts’ expectations of $20.40 billion. During the same period last year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 265.3% on a year-over-year basis. As a group, equities research analysts predict that NVIDIA Co. will post 22.55 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is presently 1.34%.

NVIDIA Company 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.