Roosevelt Investment Group Inc. Reduces Stake in NVIDIA Co. (NVDA)

Roosevelt Investment Group Inc. reduced its position in NVIDIA Co. (NASDAQ:NVDA) by 17.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,348 shares of the computer hardware maker’s stock after selling 2,019 shares during the period. Roosevelt Investment Group Inc.’s holdings in NVIDIA were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Elite Wealth Management Inc. lifted its position in NVIDIA by 0.6% during the fourth quarter. Elite Wealth Management Inc. now owns 12,053 shares of the computer hardware maker’s stock valued at $1,609,000 after purchasing an additional 76 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its position in NVIDIA by 37.6% during the third quarter. Strategic Wealth Partners Ltd. now owns 289 shares of the computer hardware maker’s stock valued at $81,000 after purchasing an additional 79 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in NVIDIA by 4.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 2,242 shares of the computer hardware maker’s stock valued at $299,000 after purchasing an additional 86 shares in the last quarter. Blue Fin Capital Inc. lifted its position in NVIDIA by 2.0% during the fourth quarter. Blue Fin Capital Inc. now owns 4,766 shares of the computer hardware maker’s stock valued at $636,000 after purchasing an additional 95 shares in the last quarter. Finally, Baystate Wealth Management LLC lifted its position in NVIDIA by 21.0% during the fourth quarter. Baystate Wealth Management LLC now owns 553 shares of the computer hardware maker’s stock valued at $87,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

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NVDA has been the topic of several analyst reports. UBS Group decreased their price target on NVIDIA from $280.00 to $260.00 and set a “neutral” rating on the stock in a report on Tuesday, October 23rd. BidaskClub cut NVIDIA from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Bank of America decreased their price target on NVIDIA from $360.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. JPMorgan Chase & Co. raised NVIDIA from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $265.00 to $255.00 in a report on Tuesday, October 30th. Finally, Morgan Stanley raised NVIDIA from a “neutral” rating to an “overweight” rating in a report on Tuesday, October 30th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $211.15.

In other news, CFO Colette Kress sold 889 shares of NVIDIA stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $147.91, for a total value of $131,491.99. Following the sale, the chief financial officer now directly owns 259,912 shares of the company’s stock, valued at $38,443,583.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Debora Shoquist sold 6,345 shares of NVIDIA stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $135.33, for a total value of $858,668.85. Following the completion of the sale, the executive vice president now directly owns 177,911 shares in the company, valued at $24,076,695.63. The disclosure for this sale can be found here. Insiders own 4.70% of the company’s stock.

Shares of NVDA stock opened at $157.34 on Friday. NVIDIA Co. has a 12-month low of $124.46 and a 12-month high of $292.76. The company has a current ratio of 7.08, a quick ratio of 6.20 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $95.98 billion, a PE ratio of 33.69, a PEG ratio of 3.07 and a beta of 1.93.

NVIDIA (NASDAQ:NVDA) last issued its earnings results on Thursday, February 14th. The computer hardware maker reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.27. NVIDIA had a return on equity of 51.60% and a net margin of 37.78%. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the firm posted $1.72 earnings per share. The business’s revenue was down 24.3% compared to the same quarter last year. As a group, analysts predict that NVIDIA Co. will post 5.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 1st will be issued a $0.16 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.41%. NVIDIA’s dividend payout ratio (DPR) is 13.70%.

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About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

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