ING Groep NV Decreases Stake in NVIDIA Co. (NASDAQ:NVDA)

ING Groep NV lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,976,588 shares of the computer hardware maker's stock after selling 1,784,812 shares during the period. NVIDIA makes up about 9.0% of ING Groep NV's portfolio, making the stock its largest holding. ING Groep NV's holdings in NVIDIA were worth $1,339,756,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. O Brien Greene & Co. Inc lifted its holdings in shares of NVIDIA by 27.6% in the fourth quarter. O Brien Greene & Co. Inc now owns 5,971 shares of the computer hardware maker's stock worth $802,000 after acquiring an additional 1,291 shares during the last quarter. Aspect Partners LLC boosted its position in NVIDIA by 10.1% in the fourth quarter. Aspect Partners LLC now owns 3,398 shares of the computer hardware maker's stock valued at $456,000 after buying an additional 311 shares in the last quarter. Morningstar Investment Management LLC grew its stake in shares of NVIDIA by 14.3% during the fourth quarter. Morningstar Investment Management LLC now owns 158,904 shares of the computer hardware maker's stock worth $21,339,000 after buying an additional 19,928 shares during the last quarter. Able Wealth Management LLC acquired a new position in shares of NVIDIA during the fourth quarter worth $321,000. Finally, Boston Financial Mangement LLC lifted its stake in shares of NVIDIA by 4.3% in the 4th quarter. Boston Financial Mangement LLC now owns 51,682 shares of the computer hardware maker's stock valued at $6,940,000 after acquiring an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of brokerages have issued reports on NVDA. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Barclays upped their price objective on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. DA Davidson cut their target price on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, March 20th. Stifel Nicolaus set a $180.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Benchmark reiterated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.

NVIDIA Stock Down 1.6 %

Shares of NASDAQ:NVDA traded down $1.76 during mid-day trading on Friday, hitting $109.67. 229,047,047 shares of the company traded hands, compared to its average volume of 314,707,778. The stock has a market cap of $2.68 trillion, a P/E ratio of 43.16, a P/E/G ratio of 1.76 and a beta of 1.77. The stock has a 50-day moving average price of $125.01 and a two-hundred day moving average price of $131.50. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.

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

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Insider Activity

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 in the last ninety days. 4.23% of the stock is currently owned by 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.