Kintegral Advisory LLC Sells 28,972 Shares of NVIDIA Co. (NASDAQ:NVDA)

Kintegral Advisory LLC reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 621,941 shares of the computer hardware maker's stock after selling 28,972 shares during the period. NVIDIA comprises about 7.9% of Kintegral Advisory LLC's investment portfolio, making the stock its largest holding. Kintegral Advisory LLC's holdings in NVIDIA were worth $83,520,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NVDA. AMF Tjanstepension AB grew its stake in NVIDIA by 2.2% in the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after purchasing an additional 169,445 shares in the last quarter. Wealth Group Ltd. boosted its holdings in shares of NVIDIA by 5.0% in the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after buying an additional 265 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of NVIDIA by 0.3% in the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock valued at $14,650,000 after buying an additional 350 shares in the last quarter. Swedbank AB increased its holdings in NVIDIA by 4.8% during the third quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after buying an additional 1,868,358 shares during the last quarter. Finally, Eaton Cambridge Inc. raised its position in NVIDIA by 4.6% during the third quarter. Eaton Cambridge Inc. now owns 18,732 shares of the computer hardware maker's stock worth $2,275,000 after acquiring an additional 819 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors.

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NVIDIA Price Performance

Shares of NVDA traded down $3.95 during trading hours on Monday, reaching $105.72. The stock had a trading volume of 165,878,439 shares, compared to its average volume of 314,143,137. The stock has a market capitalization of $2.58 trillion, a PE ratio of 41.59, a PEG ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The company's 50-day moving average is $125.01 and its two-hundred day moving average is $131.61.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm 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%. Research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NVDA shares. DA Davidson decreased their price objective on shares of NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. HSBC reduced their price target on NVIDIA from $195.00 to $185.00 and set a "buy" rating for the company in a report on Monday, January 13th. Morgan Stanley set a $162.00 price objective on NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Finally, Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and an average target price of $171.51.

Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the sale, the executive vice president now directly owns 3,902,888 shares of the company's stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock valued at $22,642,615 in the last three months. 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.