NVIDIA Co. (NASDAQ:NVDA) Holdings Trimmed by Stevens Capital Management LP

Stevens Capital Management LP lowered its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,236 shares of the computer hardware maker's stock after selling 251,041 shares during the quarter. NVIDIA accounts for 1.4% of Stevens Capital Management LP's investment portfolio, making the stock its 9th largest holding. Stevens Capital Management LP's holdings in NVIDIA were worth $3,389,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Tacita Capital Inc purchased a new position in shares of NVIDIA in the 4th quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the fourth quarter worth about $34,000. Vision Financial Markets LLC acquired a new position in NVIDIA during the fourth quarter worth about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter valued at about $40,000. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Price Performance

Shares of NVIDIA stock opened at $111.01 on Friday. The business's fifty day moving average price is $113.21 and its 200 day moving average price is $128.99. NVIDIA Co. has a twelve month low of $81.25 and a twelve 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. The stock has a market capitalization of $2.71 trillion, a P/E ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $39.33 billion for 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%. As a group, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NVDA. Morgan Stanley dropped their price objective on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Truist Financial boosted their price objective 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. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday. Finally, Rosenblatt Securities reduced their price target on shares of NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Activity

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

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.

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