NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,292,680 shares of the computer hardware maker's stock after selling 175,600 shares during the period. NVIDIA comprises 2.2% of Primecap Management Co. CA's investment portfolio, making the stock its 10th biggest position. Primecap Management Co. CA owned approximately 0.09% of NVIDIA worth $2,859,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in NVDA. Hickory Point Bank & Trust purchased a new stake in shares of NVIDIA in the 4th quarter valued at approximately $2,272,000. Capital Performance Advisors LLP increased its holdings in 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 buying an additional 9,944 shares during the last quarter. Ethos Financial Group LLC lifted its holdings in NVIDIA by 24.1% during the 4th quarter. Ethos Financial Group LLC now owns 32,092 shares of the computer hardware maker's stock worth $4,312,000 after buying an additional 6,241 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of NVIDIA by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 1,464,826 shares of the computer hardware maker's stock worth $196,711,000 after acquiring an additional 50,978 shares in the last quarter. Finally, Candriam S.C.A. raised its position in shares of NVIDIA by 0.5% during the 4th quarter. Candriam S.C.A. now owns 7,061,058 shares of the computer hardware maker's stock worth $948,229,000 after acquiring an additional 35,684 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on NVDA. Mizuho dropped their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Barclays upped their price objective on shares of NVIDIA from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Raymond James restated a "strong-buy" rating on shares of NVIDIA in a research report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $165.51.

Insider Activity at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following 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 quarter, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is owned by insiders.

NVIDIA Stock Performance

Shares of NVDA opened at $96.91 on Tuesday. The company has a 50-day moving average of $115.87 and a two-hundred day moving average of $129.71. The stock has a market cap of $2.36 trillion, a P/E ratio of 38.14, a PEG ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 12-month low of $76.40 and a 12-month high of $195.95. 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 (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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 analyst estimates of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, research analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is presently 1.36%.

NVIDIA Company 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.

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