NS Partners Ltd cut its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,507,613 shares of the computer hardware maker's stock after selling 18,980 shares during the quarter. NVIDIA comprises approximately 8.4% of NS Partners Ltd's portfolio, making the stock its 2nd biggest holding. NS Partners Ltd's holdings in NVIDIA were worth $202,457,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in NVDA. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of NVIDIA during the 4th quarter worth about $14,508,000. PNC Financial Services Group Inc. increased its holdings in NVIDIA by 31.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,150,425 shares of the computer hardware maker's stock valued at $1,228,811,000 after purchasing an additional 2,189,311 shares in the last quarter. Banco Santander S.A. lifted its stake in shares of NVIDIA by 9.0% during the fourth quarter. Banco Santander S.A. now owns 2,318,269 shares of the computer hardware maker's stock worth $311,320,000 after purchasing an additional 191,355 shares in the last quarter. Machina Capital S.A.S. grew its stake in shares of NVIDIA by 14.3% in the fourth quarter. Machina Capital S.A.S. now owns 18,413 shares of the computer hardware maker's stock valued at $2,473,000 after buying an additional 2,297 shares in the last quarter. Finally, Oak Hill Wealth Advisors LLC raised its holdings in shares of NVIDIA by 194.1% during the 4th quarter. Oak Hill Wealth Advisors LLC now owns 15,206 shares of the computer hardware maker's stock valued at $2,042,000 after buying an additional 31,372 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on NVDA. Barclays boosted their target price on shares of NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Susquehanna reiterated a "positive" rating and set a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $168.26.
Read Our Latest Research Report on NVIDIA
NVIDIA Stock Performance
Shares of NASDAQ:NVDA traded down $0.22 on Monday, hitting $110.71. 263,467,199 shares of the company were exchanged, compared to its average volume of 314,106,571. The company's 50 day moving average price is $118.95 and its two-hundred day moving average price is $130.40. The firm has a market capitalization of $2.70 trillion, a price-to-earnings ratio of 43.57, a PEG ratio of 1.76 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a one year low of $75.61 and a one year high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.04%. NVIDIA's dividend payout ratio (DPR) is 1.36%.
Insider Buying and Selling at NVIDIA
In other news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. This trade represents a 17.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by corporate insiders.
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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