Los Angeles Capital Management LLC trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,947,453 shares of the computer hardware maker's stock after selling 767,853 shares during the period. NVIDIA accounts for about 6.5% of Los Angeles Capital Management LLC's portfolio, making the stock its 2nd biggest holding. Los Angeles Capital Management LLC's holdings in NVIDIA were worth $1,604,423,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Capital Performance Advisors LLP boosted its position in shares of NVIDIA by 59.3% in the fourth quarter. Capital Performance Advisors LLP now owns 26,700 shares of the computer hardware maker's stock valued at $3,586,000 after acquiring an additional 9,944 shares during the period. Palisade Asset Management LLC lifted its position in shares of NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock worth $1,866,000 after buying an additional 75 shares during the last quarter. SMART Wealth LLC boosted its stake in shares of NVIDIA by 289.5% in the 4th quarter. SMART Wealth LLC now owns 72,311 shares of the computer hardware maker's stock valued at $9,711,000 after purchasing an additional 53,747 shares in the last quarter. Blue Square Asset Management LLC grew its stake in shares of NVIDIA by 26.7% during the third quarter. Blue Square Asset Management LLC now owns 48,093 shares of the computer hardware maker's stock worth $5,840,000 after buying an additional 10,136 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its position in NVIDIA by 29.6% during the 4th quarter. Wealthspire Advisors LLC now owns 174,896 shares of the computer hardware maker's stock worth $23,487,000 after acquiring an additional 39,944 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on NVDA. Tigress Financial restated a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. Stifel Nicolaus set a $180.00 target price on NVIDIA in a research note on Wednesday, March 19th. Truist Financial lifted their price objective on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Mizuho reduced their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, William Blair reaffirmed an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.51.
Check Out Our Latest Stock Report on NVDA
Insider Activity at NVIDIA
In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $525,600.00. Following the sale, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93 % 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, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was 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 owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,609 shares of company stock valued at $22,642,615 in the last ninety days. Corporate insiders own 4.23% of the company's stock.
NVIDIA Stock Performance
Shares of NVIDIA stock traded up $1.77 during trading on Tuesday, reaching $110.15. The company's stock had a trading volume of 221,470,191 shares, compared to its average volume of 313,731,974. The firm has a market cap of $2.69 trillion, a PE ratio of 43.35, a P/E/G ratio of 1.76 and a beta of 1.77. The company has a 50-day moving average price of $124.42 and a two-hundred day moving average price of $131.53. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a fifty-two week low of $75.61 and a fifty-two week high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company 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%. On average, analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.
About NVIDIA
(
Free Report)
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.
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