NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Sycomore Asset Management

Sycomore Asset Management lowered its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 380,389 shares of the computer hardware maker's stock after selling 117,586 shares during the quarter. NVIDIA comprises approximately 6.0% of Sycomore Asset Management's holdings, making the stock its 3rd largest holding. Sycomore Asset Management's holdings in NVIDIA were worth $47,183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Regents Gate Capital LLP bought a new position in NVIDIA during the 4th quarter worth approximately $19,203,000. Soltis Investment Advisors LLC raised its holdings in NVIDIA by 24.0% in the fourth quarter. Soltis Investment Advisors LLC now owns 270,187 shares of the computer hardware maker's stock worth $36,283,000 after purchasing an additional 52,318 shares during the period. FSR Wealth Management Ltd. bought a new position in shares of NVIDIA during the fourth quarter worth $1,619,000. Cornerstone Planning Group LLC boosted its position in shares of NVIDIA by 140.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 21,705 shares of the computer hardware maker's stock worth $2,915,000 after purchasing an additional 12,676 shares in the last quarter. Finally, Quilter Plc grew its holdings in shares of NVIDIA by 17.3% in the 4th quarter. Quilter Plc now owns 1,748,616 shares of the computer hardware maker's stock valued at $234,822,000 after buying an additional 257,260 shares during the period. 65.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVDA. Evercore ISI lifted their target price on NVIDIA from $189.00 to $190.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Robert W. Baird raised their price target on NVIDIA from $150.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price objective on NVIDIA from $155.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Tigress Financial reissued a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Finally, Barclays lifted their price target 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. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $171.69.

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Insider Activity

In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on 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 transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay K. Puri sold 36,462 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now directly owns 3,902,888 shares in the company, valued at approximately $589,726,376.80. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,110,295 shares of company stock valued at $146,698,216. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Price Performance

Shares of NVDA stock opened at $115.74 on Thursday. 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 company has a market cap of $2.82 trillion, a P/E ratio of 45.55, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a twelve month low of $75.61 and a twelve month high of $153.13. The business has a fifty day simple moving average of $130.17 and a 200 day simple moving average of $131.31.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a $0.01 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is presently 1.36%.

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.

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