Sigma Planning Corp Lowers Stake in NVIDIA Co. (NASDAQ:NVDA)


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Sigma Planning Corp decreased its position in NVIDIA Co. (NASDAQ:NVDA) by 34.6% during the 4th quarter, Holdings Channel reports. The fund owned 20,333 shares of the computer hardware maker’s stock after selling 10,749 shares during the quarter. Sigma Planning Corp’s holdings in NVIDIA were worth $10,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. PrairieView Partners LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $26,000. NewSquare Capital LLC acquired a new position in shares of NVIDIA in the third quarter valued at approximately $32,000. Cedar Mountain Advisors LLC acquired a new position in shares of NVIDIA in the fourth quarter valued at approximately $34,000. CVA Family Office LLC acquired a new position in shares of NVIDIA in the third quarter valued at approximately $40,000. Finally, Your Advocates Ltd. LLP acquired a new position in shares of NVIDIA in the third quarter valued at approximately $42,000. 65.70% of the stock is currently owned by institutional investors and hedge funds.

NVDA stock traded down $16.93 during midday trading on Tuesday, hitting $557.30. The stock had a trading volume of 290,283 shares, compared to its average volume of 7,845,163. The firm has a market capitalization of $344.97 billion, a price-to-earnings ratio of 92.14, a P/E/G ratio of 3.87 and a beta of 1.45. NVIDIA Co. has a 52 week low of $180.68 and a 52 week high of $614.90. The stock has a 50-day simple moving average of $550.24 and a 200 day simple moving average of $528.47. The company has a current ratio of 3.92, a quick ratio of 3.52 and a debt-to-equity ratio of 0.39.

In other NVIDIA news, Director John Dabiri sold 185 shares of NVIDIA stock in a transaction on Wednesday, December 23rd. The stock was sold at an average price of $529.85, for a total transaction of $98,022.25. Following the completion of the transaction, the director now directly owns 1,251 shares of the company’s stock, valued at $662,842.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tench Coxe sold 356 shares of NVIDIA stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $528.73, for a total value of $188,227.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,824 shares of company stock valued at $2,587,435. 4.47% of the stock is owned by company insiders.

Several equities research analysts have issued reports on the stock. Rosenblatt Securities boosted their price objective on shares of NVIDIA from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, November 19th. Raymond James upped their price target on shares of NVIDIA from $550.00 to $600.00 and gave the company an “outperform” rating in a report on Thursday, November 19th. Craig Hallum upped their price target on shares of NVIDIA from $500.00 to $520.00 and gave the company a “hold” rating in a report on Thursday, November 19th. Wells Fargo & Company increased their target price on shares of NVIDIA from $605.00 to $625.00 and gave the stock an “overweight” rating in a report on Friday, December 18th. Finally, BMO Capital Markets increased their target price on shares of NVIDIA from $650.00 to $680.00 and gave the stock an “outperform” rating in a report on Monday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have given a buy rating to the stock. NVIDIA has an average rating of “Buy” and an average price target of $566.49.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates in 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 gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for artificial intelligence (AI) utilizing deep learning, accelerated computing, and general purpose computing; GRID, which provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and EGX for accelerated AI computing at the edge.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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