NVIDIA Co. (NASDAQ:NVDA) Stake Trimmed by FengHe Fund Management Pte. Ltd.

FengHe Fund Management Pte. Ltd. lessened its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 67.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,885 shares of the computer hardware maker's stock after selling 122,600 shares during the quarter. NVIDIA comprises approximately 2.3% of FengHe Fund Management Pte. Ltd.'s holdings, making the stock its 9th biggest holding. FengHe Fund Management Pte. Ltd.'s holdings in NVIDIA were worth $7,773,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Legend Financial Advisors Inc. acquired a new stake in NVIDIA during the fourth quarter worth about $34,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the fourth quarter valued at approximately $40,000. DHJJ Financial Advisors Ltd. lifted its position in NVIDIA by 70.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 340 shares of the computer hardware maker's stock valued at $41,000 after buying an additional 140 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new stake in NVIDIA during the fourth quarter worth approximately $46,000. Finally, 1620 Investment Advisors Inc. increased its position in shares of NVIDIA by 145.9% in the third quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after acquiring an additional 248 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVIDIA

In related news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Colette Kress sold 66,660 shares of the 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 sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 179,109 shares of company stock valued at $22,117,015. Corporate insiders own 4.23% of the company's stock.

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Analyst Ratings Changes

A number of analysts recently weighed in on NVDA shares. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. HSBC dropped their target price on NVIDIA from $195.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Bank of America reaffirmed a "buy" rating and issued a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Finally, KeyCorp set a $190.00 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 issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $171.51.

NVIDIA Stock Performance

Shares of NVDA traded down $0.72 during trading hours on Tuesday, reaching $120.69. 166,641,560 shares of the company's stock traded hands, compared to its average volume of 314,666,735. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The business's fifty day simple moving average is $126.68 and its two-hundred day simple moving average is $131.46. 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 firm has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 47.50, a P/E/G ratio of 1.76 and a beta of 1.77.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

NVIDIA Company 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.