Eubel Brady & Suttman Asset Management Inc. Sells 781 Shares of NVIDIA Co. (NASDAQ:NVDA)

Eubel Brady & Suttman Asset Management Inc. lessened its position in NVIDIA Co. (NASDAQ:NVDAGet Rating) by 31.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,723 shares of the computer hardware maker’s stock after selling 781 shares during the period. Eubel Brady & Suttman Asset Management Inc.’s holdings in NVIDIA were worth $507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Disciplined Investments LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $25,000. Advanced Research Investment Solutions LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $29,000. Fortis Advisors LLC raised its holdings in shares of NVIDIA by 300.0% during the third quarter. Fortis Advisors LLC now owns 160 shares of the computer hardware maker’s stock valued at $33,000 after purchasing an additional 120 shares during the last quarter. Charter Oak Capital Management LLC raised its holdings in shares of NVIDIA by 400.0% during the fourth quarter. Charter Oak Capital Management LLC now owns 130 shares of the computer hardware maker’s stock valued at $38,000 after purchasing an additional 104 shares during the last quarter. Finally, Leverty Financial Group LLC purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 55.19% of the company’s stock.

Several research analysts have recently weighed in on the stock. Robert W. Baird cut shares of NVIDIA from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $360.00 to $225.00 in a report on Monday, April 11th. Mizuho upped their target price on shares of NVIDIA from $335.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, February 17th. Cowen reaffirmed an “outperform” rating and set a $350.00 target price on shares of NVIDIA in a report on Tuesday, March 15th. Citigroup raised shares of NVIDIA from a “neutral” rating to a “buy” rating and set a $280.00 target price for the company in a report on Wednesday, April 13th. They noted that the move was a valuation call. Finally, Truist Financial dropped their price target on shares of NVIDIA from $347.00 to $298.00 in a research report on Friday, April 8th. Eight equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $324.82.

NASDAQ NVDA traded up $15.31 during trading on Friday, reaching $177.06. 66,953,757 shares of the company’s stock traded hands, compared to its average volume of 54,892,535. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.65 and a quick ratio of 6.05. The firm has a market cap of $515.73 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 2.22 and a beta of 1.59. The company’s 50 day simple moving average is $225.70 and its two-hundred day simple moving average is $258.01. NVIDIA Co. has a 12-month low of $135.43 and a 12-month high of $346.47.

NVIDIA (NASDAQ:NVDAGet Rating) last released its quarterly earnings results on Wednesday, February 16th. The computer hardware maker reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.13. NVIDIA had a net margin of 36.24% and a return on equity of 42.99%. The business had revenue of $7.64 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period last year, the business earned $0.64 EPS. The company’s revenue was up 52.8% compared to the same quarter last year. Research analysts expect that NVIDIA Co. will post 4.71 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend was Wednesday, March 2nd. NVIDIA’s dividend payout ratio is currently 4.16%.

In related news, Director Mark L. Perry sold 16,716 shares of NVIDIA stock in a transaction that occurred on Friday, March 18th. The shares were sold at an average price of $263.80, for a total value of $4,409,680.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tench Coxe sold 100,000 shares of the company’s stock in a transaction on Monday, March 28th. The shares were sold at an average price of $274.06, for a total transaction of $27,406,000.00. The disclosure for this sale can be found here. Insiders sold a total of 409,056 shares of company stock valued at $101,135,342 over the last quarter. 4.47% of the stock is owned by company insiders.

About NVIDIA (Get Rating)

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.

See Also

Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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