Erste Asset Management GmbH Sells 166,051 Shares of NVIDIA Co. (NASDAQ:NVDA)

Erste Asset Management GmbH trimmed its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,966,913 shares of the computer hardware maker's stock after selling 166,051 shares during the period. NVIDIA makes up about 4.9% of Erste Asset Management GmbH's investment portfolio, making the stock its largest holding. Erste Asset Management GmbH's holdings in NVIDIA were worth $407,868,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in NVIDIA by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock valued at $66,101,133,000 after purchasing an additional 11,525,969 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NVIDIA by 3.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock worth $21,908,236,000 after purchasing an additional 6,526,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in NVIDIA by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,280,130 shares of the computer hardware maker's stock worth $20,315,409,000 after acquiring an additional 5,211,040 shares during the period. Amundi raised its holdings in shares of NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after purchasing an additional 13,406,054 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in NVIDIA by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 98,339,379 shares of the computer hardware maker's stock worth $13,205,995,000 after acquiring an additional 1,618,672 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

NVIDIA Price Performance

NVIDIA stock traded down $3.16 during midday trading on Friday, reaching $101.33. 290,593,259 shares of the company were exchanged, compared to its average volume of 312,017,771. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. 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 firm's 50-day simple moving average is $116.56 and its 200-day simple moving average is $129.78. NVIDIA Co. has a 1 year low of $75.61 and a 1 year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's payout ratio is 1.36%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NVDA. Mizuho reduced their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a report on Wednesday. Finally, 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 note on Thursday, February 27th. Six analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $165.51.

Insider Buying and Selling at NVIDIA

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was 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 valued at $17,133,207. 4.23% of the stock is owned by corporate insiders.

NVIDIA Profile

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.