Integral Investment Advisors Inc. cut its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,036 shares of the computer hardware maker's stock after selling 2,675 shares during the quarter. NVIDIA accounts for about 0.9% of Integral Investment Advisors Inc.'s investment portfolio, making the stock its 21st largest holding. Integral Investment Advisors Inc.'s holdings in NVIDIA were worth $2,691,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of NVIDIA by 12,898.6% in the third quarter. International Assets Investment Management LLC now owns 56,292,986 shares of the computer hardware maker's stock worth $6,836,220,000 after buying an additional 55,859,917 shares during the last quarter. Clear Street Derivatives LLC bought a new position in NVIDIA in the third quarter worth approximately $4,589,905,000. Geode Capital Management LLC boosted its stake in shares of 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 worth $66,101,133,000 after acquiring an additional 11,525,969 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 valued at $21,908,236,000 after acquiring an additional 6,526,200 shares during the period. Finally, National Pension Service increased its stake in shares of NVIDIA by 14.9% in the 3rd quarter. National Pension Service now owns 47,220,708 shares of the computer hardware maker's stock worth $5,734,483,000 after purchasing an additional 6,118,674 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at NVIDIA
In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred 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 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 SEC, which is accessible through this link. Also, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The shares were 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 approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock worth $22,642,615 over the last three months. 4.23% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Bank of America reissued a "buy" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. HSBC lowered their target price on shares of NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Morgan Stanley set a $162.00 price target on NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Benchmark reissued a "buy" rating and set a $190.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $171.51.
Read Our Latest Stock Report on NVDA
NVIDIA Stock Down 1.2 %
Shares of NVIDIA stock traded down $1.29 during trading on Monday, reaching $108.38. The company's stock had a trading volume of 296,590,131 shares, compared to its average volume of 314,635,951. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. The company has a market cap of $2.64 trillion, a price-to-earnings ratio of 42.65, a P/E/G ratio of 1.76 and a beta of 1.77. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $125.01 and a two-hundred day simple moving average of $131.61.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's payout ratio is presently 1.36%.
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.
Read More
Before you consider NVIDIA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVIDIA wasn't on the list.
While NVIDIA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
