Knuff & Co LLC Reduces Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Knuff & Co LLC lessened its holdings in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,277 shares of the computer hardware maker’s stock after selling 381 shares during the period. Knuff & Co LLC’s holdings in NVIDIA were worth $641,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in NVIDIA by 6.5% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 49,800 shares of the computer hardware maker’s stock worth $7,549,000 after acquiring an additional 3,055 shares during the period. Fortune 45 LLC raised its stake in NVIDIA by 34.4% during the 2nd quarter. Fortune 45 LLC now owns 2,027 shares of the computer hardware maker’s stock worth $307,000 after acquiring an additional 519 shares during the period. Covenant Partners LLC raised its stake in NVIDIA by 6.2% during the 2nd quarter. Covenant Partners LLC now owns 6,458 shares of the computer hardware maker’s stock worth $979,000 after acquiring an additional 377 shares during the period. Apexium Financial LP raised its stake in NVIDIA by 137.4% during the 2nd quarter. Apexium Financial LP now owns 1,690 shares of the computer hardware maker’s stock worth $256,000 after acquiring an additional 978 shares during the period. Finally, Coastline Trust Co raised its stake in NVIDIA by 6.6% during the 2nd quarter. Coastline Trust Co now owns 61,645 shares of the computer hardware maker’s stock worth $9,344,000 after acquiring an additional 3,843 shares during the period. Institutional investors own 61.80% of the company’s stock.

NVIDIA Price Performance

Shares of NVDA stock opened at $192.65 on Wednesday. NVIDIA Co. has a fifty-two week low of $108.13 and a fifty-two week high of $289.46. The firm has a market capitalization of $479.70 billion, a price-to-earnings ratio of 81.98, a PEG ratio of 7.29 and a beta of 1.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.74 and a current ratio of 3.39. The stock’s 50-day simple moving average is $162.10 and its 200-day simple moving average is $153.77.

NVIDIA (NASDAQ:NVDA – Get Rating) last issued its earnings results on Wednesday, November 16th. The computer hardware maker reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.10). The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.82 billion. NVIDIA had a net margin of 20.85% and a return on equity of 30.75%. NVIDIA’s quarterly revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, equities analysts forecast that NVIDIA Co. will post 2.19 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Thursday, December 1st were given a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.08%. NVIDIA’s dividend payout ratio is currently 6.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NVDA shares. Credit Suisse Group restated an “outperform” rating and set a $210.00 target price (up previously from $205.00) on shares of NVIDIA in a research note on Wednesday, November 16th. Mizuho cut their target price on shares of NVIDIA from $205.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 17th. Tigress Financial cut their target price on shares of NVIDIA from $310.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, December 8th. Susquehanna raised their target price on shares of NVIDIA from $180.00 to $185.00 and gave the company a “positive” rating in a report on Thursday, November 17th. Finally, Summit Insights raised shares of NVIDIA from a “hold” rating to a “buy” rating in a report on Wednesday, November 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $209.23.

Insider Activity at NVIDIA

In related news, insider Donald F. Robertson, Jr. sold 2,494 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $167.89, for a total value of $418,717.66. Following the sale, the insider now owns 56,617 shares in the company, valued at $9,505,428.13. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other NVIDIA news, Director John Dabiri sold 293 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $165.80, for a total value of $48,579.40. Following the completion of the transaction, the director now directly owns 2,417 shares of the company’s stock, valued at $400,738.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 2,494 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $167.89, for a total value of $418,717.66. Following the transaction, the insider now directly owns 56,617 shares of the company’s stock, valued at $9,505,428.13. The disclosure for this sale can be found here. Insiders have sold a total of 227,787 shares of company stock worth $36,844,997 over the last quarter. Insiders own 4.04% of the company’s stock.

NVIDIA Profile

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NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's 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; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.