Lazard Freres Gestion S.A.S. Has $158.78 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Lazard Freres Gestion S.A.S. decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,182,368 shares of the computer hardware maker's stock after selling 211,408 shares during the quarter. NVIDIA comprises about 3.2% of Lazard Freres Gestion S.A.S.'s portfolio, making the stock its 10th biggest holding. Lazard Freres Gestion S.A.S.'s holdings in NVIDIA were worth $158,780,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. DiNuzzo Private Wealth Inc. grew its stake in NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $1,157,000 after purchasing an additional 71 shares in the last quarter. Smart Portfolios LLC grew its position in shares of NVIDIA by 2.7% in the 3rd quarter. Smart Portfolios LLC now owns 2,805 shares of the computer hardware maker's stock worth $341,000 after acquiring an additional 75 shares in the last quarter. Palisade Asset Management LLC increased its holdings in shares of NVIDIA by 0.5% in the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after acquiring an additional 75 shares during the last quarter. Baker Boyer National Bank lifted its stake in NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after purchasing an additional 76 shares during the last quarter. Finally, Kwmg LLC boosted its holdings in NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after purchasing an additional 77 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Price Performance

NVDA stock traded down $3.16 during midday trading on Friday, reaching $101.33. 290,593,259 shares of the company's stock traded hands, compared to its average volume of 312,017,771. The company has a 50-day simple moving average of $117.19 and a two-hundred day simple moving average of $129.89. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion for the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, analysts anticipate 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 was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. 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 dividend payout ratio (DPR) is presently 1.36%.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated 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 directly owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NVDA shares. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Barclays raised their target price on NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Thursday, April 3rd. Finally, KeyCorp set a $190.00 price target on NVIDIA in a report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.51.

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.