Lingotto Investment Management LLP Cuts Stake in NVIDIA Co. (NASDAQ:NVDA)

Lingotto Investment Management LLP lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 19.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 463,660 shares of the computer hardware maker's stock after selling 115,000 shares during the period. NVIDIA comprises 1.7% of Lingotto Investment Management LLP's investment portfolio, making the stock its 12th largest holding. Lingotto Investment Management LLP's holdings in NVIDIA were worth $62,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legend Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the fourth quarter valued at about $34,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $40,000. Lowe Wealth Advisors LLC bought a new position in NVIDIA in the 4th quarter valued at $46,000. 1620 Investment Advisors Inc. lifted its position in NVIDIA by 145.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 418 shares of the computer hardware maker's stock worth $51,000 after buying an additional 248 shares in the last quarter. Finally, Gleason Group Inc. increased its holdings in shares of NVIDIA by 52.9% in the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock valued at $58,000 after purchasing an additional 148 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Down 7.8 %

Shares of NVIDIA stock traded down $8.62 on Thursday, hitting $101.80. The stock had a trading volume of 335,022,532 shares, compared to its average volume of 312,976,744. The stock's 50-day simple moving average is $123.07 and its two-hundred day simple moving average is $131.32. NVIDIA Co. has a one year low of $75.61 and a one year 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 stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 40.06, a PEG ratio of 1.76 and a beta of 1.77.

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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 (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 analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, sell-side analysts predict that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Analysts Set New Price Targets

A number of research firms recently weighed in on NVDA. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. KeyCorp set a $190.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Mizuho reduced their target price on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Rosenblatt Securities reiterated a "buy" rating and issued a $220.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, DA Davidson decreased their price objective on NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $169.89.

Insider Activity at NVIDIA

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock worth $22,642,615 over the last quarter. 4.23% of the stock is owned by corporate insiders.

About NVIDIA

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.