Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Decreases Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 24.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,633 shares of the computer hardware maker's stock after selling 18,690 shares during the period. NVIDIA comprises approximately 1.9% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's investment portfolio, making the stock its 19th largest holding. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD's holdings in NVIDIA were worth $7,733,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NVDA. Forge First Asset Management Inc. raised its stake in NVIDIA by 219.9% in the fourth quarter. Forge First Asset Management Inc. now owns 7,710 shares of the computer hardware maker's stock valued at $1,035,000 after buying an additional 5,300 shares during the period. Liberty Wealth Management LLC increased its holdings in shares of NVIDIA by 5.2% during the 4th quarter. Liberty Wealth Management LLC now owns 98,532 shares of the computer hardware maker's stock worth $13,232,000 after acquiring an additional 4,862 shares during the last quarter. Great Lakes Advisors LLC raised its stake in NVIDIA by 4.7% in the 4th quarter. Great Lakes Advisors LLC now owns 1,262,357 shares of the computer hardware maker's stock valued at $169,522,000 after acquiring an additional 57,024 shares during the period. Westchester Capital Management Inc. lifted its holdings in NVIDIA by 247.3% during the 4th quarter. Westchester Capital Management Inc. now owns 11,235 shares of the computer hardware maker's stock valued at $1,509,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Truvestments Capital LLC boosted its position in NVIDIA by 1.1% during the fourth quarter. Truvestments Capital LLC now owns 174,511 shares of the computer hardware maker's stock worth $23,435,000 after purchasing an additional 1,924 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of several research analyst reports. Truist Financial increased their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. UBS Group cut their price objective on shares of NVIDIA from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday. Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a research report on Wednesday. HSBC downgraded NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research note on Thursday, April 3rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $165.51.

NVIDIA Trading Down 3.0 %

Shares of NVDA traded down $3.16 during trading hours on Friday, hitting $101.33. 290,593,259 shares of the stock were exchanged, compared to its average volume of 312,556,411. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The business has a 50-day moving average of $117.19 and a 200-day moving average of $129.89. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96.

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 (EPS) for the quarter, beating analysts' consensus estimates 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. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid 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 (DPR) is currently 1.36%.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the transaction, the insider now owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were 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. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by company 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.