Continuum Advisory LLC Lowers Position in NVIDIA Co. (NASDAQ:NVDA)

Continuum Advisory LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA – Get Rating) by 17.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,123 shares of the computer hardware maker’s stock after selling 1,524 shares during the quarter. Continuum Advisory LLC’s holdings in NVIDIA were worth $1,041,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. GoalVest Advisory LLC raised its stake in NVIDIA by 124.1% during the fourth quarter. GoalVest Advisory LLC now owns 195 shares of the computer hardware maker’s stock valued at $28,000 after purchasing an additional 108 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its stake in NVIDIA by 271.2% during the third quarter. Riggs Asset Managment Co. Inc. now owns 245 shares of the computer hardware maker’s stock valued at $30,000 after purchasing an additional 179 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in NVIDIA during the fourth quarter valued at $34,000. NewSquare Capital LLC purchased a new stake in NVIDIA during the fourth quarter valued at $37,000. Finally, Lumature Wealth Partners LLC raised its stake in NVIDIA by 396.8% during the third quarter. Lumature Wealth Partners LLC now owns 313 shares of the computer hardware maker’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other NVIDIA news, Director Mark L. Perry sold 20,000 shares of NVIDIA stock in a transaction on Monday, February 27th. The shares were sold at an average price of $236.37, for a total transaction of $4,727,400.00. Following the sale, the director now owns 140,000 shares of the company’s stock, valued at approximately $33,091,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NVIDIA news, CFO Colette Kress sold 6,000 shares of NVIDIA stock in a transaction on Monday, March 13th. The shares were sold at an average price of $229.29, for a total transaction of $1,375,740.00. Following the sale, the chief financial officer now owns 561,401 shares of the company’s stock, valued at approximately $128,723,635.29. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark L. Perry sold 20,000 shares of NVIDIA stock in a transaction on Monday, February 27th. The stock was sold at an average price of $236.37, for a total value of $4,727,400.00. Following the transaction, the director now owns 140,000 shares in the company, valued at approximately $33,091,800. The disclosure for this sale can be found here. Insiders have sold a total of 54,084 shares of company stock valued at $14,516,510 in the last 90 days. 3.99% of the stock is owned by insiders.

NVIDIA Price Performance

NVIDIA stock traded up $3.18 during trading on Friday, reaching $382.98. The company had a trading volume of 29,127,499 shares, compared to its average volume of 47,385,930. The firm’s 50-day simple moving average is $280.52 and its 200 day simple moving average is $218.29. NVIDIA Co. has a 1-year low of $108.13 and a 1-year high of $394.80. The firm has a market capitalization of $947.16 billion, a PE ratio of 197.81, a price-to-earnings-growth ratio of 5.31 and a beta of 1.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.73 and a current ratio of 3.52.

NVIDIA (NASDAQ:NVDA – Get Rating) last released its quarterly earnings results on Wednesday, May 24th. The computer hardware maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17. NVIDIA had a net margin of 18.52% and a return on equity of 24.18%. The firm had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter last year, the company earned $1.18 EPS. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, equities research analysts anticipate that NVIDIA Co. will post 3.28 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 8th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.04%. NVIDIA’s dividend payout ratio is currently 8.33%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of NVIDIA from $275.00 to $440.00 in a research note on Thursday. Rosenblatt Securities reissued a “buy” rating and issued a $320.00 target price on shares of NVIDIA in a research note on Wednesday, March 22nd. BNP Paribas raised shares of NVIDIA from an “underperform” rating to a “neutral” rating and set a $230.00 target price on the stock in a research note on Tuesday, March 21st. Tigress Financial increased their target price on shares of NVIDIA from $250.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, March 30th. Finally, Sanford C. Bernstein increased their target price on shares of NVIDIA from $300.00 to $475.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $375.13.

About NVIDIA

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NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU), Tegra Processor, and All Other. The GPU segment consists of product brands, including GeForce for gamers, Quadro for designers, Tesla and DGX for AI data scientists and big data researchers, and GRID for cloud-based visual computing users.