NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lifted by Saturna Capital Corp

Saturna Capital Corp grew its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,325,525 shares of the computer hardware maker's stock after acquiring an additional 150,867 shares during the quarter. NVIDIA accounts for 4.2% of Saturna Capital Corp's holdings, making the stock its 6th biggest position. Saturna Capital Corp's holdings in NVIDIA were worth $312,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Wealth Group Ltd. increased its holdings in shares of NVIDIA by 5.0% during the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock worth $680,000 after purchasing an additional 265 shares during the period. SOA Wealth Advisors LLC. raised its holdings in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after acquiring an additional 350 shares in the last quarter. Swedbank AB raised its holdings in NVIDIA by 4.8% in the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock valued at $4,965,526,000 after acquiring an additional 1,868,358 shares in the last quarter. Donaldson Capital Management LLC lifted its position in shares of NVIDIA by 31.6% during the 3rd quarter. Donaldson Capital Management LLC now owns 54,729 shares of the computer hardware maker's stock valued at $6,646,000 after acquiring an additional 13,126 shares during the period. Finally, Retirement Financial Solutions LLC increased its position in shares of NVIDIA by 3.2% in the third quarter. Retirement Financial Solutions LLC now owns 3,489 shares of the computer hardware maker's stock worth $424,000 after purchasing an additional 109 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred 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 directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. The trade was a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Insiders own 4.23% of the company's stock.

NVIDIA Stock Down 3.0 %

Shares of NASDAQ:NVDA traded down $3.16 during midday trading on Friday, reaching $101.33. The company's stock had a trading volume of 290,593,259 shares, compared to its average volume of 312,556,411. NVIDIA Co. has a 12-month low of $75.61 and a 12-month high of $195.95. 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 firm has a 50 day moving average of $117.19 and a 200-day moving average of $129.89. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 39.88, a PEG ratio of 1.76 and a beta of 1.96.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on NVDA shares. TD Cowen decreased their target price on shares of NVIDIA from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. DA Davidson lowered their price objective on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Piper Sandler lowered their price target on NVIDIA from $175.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Rosenblatt Securities reduced their price objective on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average target price 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.