Clal Insurance Enterprises Holdings Ltd trimmed its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 25.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,546,406 shares of the computer hardware maker's stock after selling 524,594 shares during the period. NVIDIA makes up about 1.9% of Clal Insurance Enterprises Holdings Ltd's portfolio, making the stock its 17th biggest position. Clal Insurance Enterprises Holdings Ltd's holdings in NVIDIA were worth $207,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB raised its stake in shares of NVIDIA by 2.2% during the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after acquiring an additional 169,445 shares in the last quarter. Wealth Group Ltd. boosted its holdings in NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after acquiring an additional 265 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in shares of NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after acquiring an additional 350 shares during the period. Swedbank AB boosted its position in NVIDIA by 4.8% in the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after buying an additional 1,868,358 shares during the last quarter. Finally, Carret Asset Management LLC increased its stake in shares of NVIDIA by 16.7% in the third quarter. Carret Asset Management LLC now owns 62,638 shares of the computer hardware maker's stock worth $7,607,000 after acquiring an additional 8,981 shares during the period. Institutional investors own 65.27% of the company's stock.
NVIDIA Trading Down 7.4 %
Shares of NASDAQ NVDA opened at $94.31 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The business has a 50 day simple moving average of $121.20 and a 200 day simple moving average of $131.19. NVIDIA Co. has a 52 week low of $75.61 and a 52 week high of $195.95. The stock has a market cap of $2.30 trillion, a price-to-earnings ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. On average, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.
Analyst Ratings Changes
Several equities research analysts recently commented on NVDA shares. KeyCorp set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Mizuho decreased their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Truist Financial boosted their target price on shares of NVIDIA from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Finally, Barclays boosted their price target on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $169.89.
View Our Latest Analysis on NVDA
Insider Transactions at NVIDIA
In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares in the company, valued at approximately $6,300,891.36. This represents a 27.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by company insiders.
About NVIDIA
(
Free Report)
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The 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; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Further Reading
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