NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Lowered by Mitchell Capital Management Co.

Mitchell Capital Management Co. lowered its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 340,171 shares of the computer hardware maker's stock after selling 3,125 shares during the quarter. NVIDIA accounts for 8.0% of Mitchell Capital Management Co.'s holdings, making the stock its biggest position. Mitchell Capital Management Co.'s holdings in NVIDIA were worth $45,682,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. AMF Tjanstepension AB lifted its stake in shares of NVIDIA by 2.2% in the third quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock worth $976,348,000 after buying an additional 169,445 shares in the last quarter. Wealth Group Ltd. raised its holdings in NVIDIA by 5.0% in the 3rd quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after acquiring an additional 265 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in NVIDIA by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after purchasing an additional 350 shares in the last quarter. Swedbank AB boosted its holdings in shares of NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after purchasing an additional 1,868,358 shares during the last quarter. Finally, Carret Asset Management LLC grew its position in shares of NVIDIA by 16.7% in the third quarter. Carret Asset Management LLC now owns 62,638 shares of the computer hardware maker's stock valued at $7,607,000 after purchasing an additional 8,981 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company's stock.

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the transaction, the director now owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 over the last ninety days. Company insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several analyst reports. DA Davidson dropped their target price on NVIDIA from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, March 20th. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a report on Thursday. Mizuho decreased their target price on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Barclays increased 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. Finally, Morgan Stanley set a $162.00 price target on shares of NVIDIA and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Six investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NVIDIA has a consensus rating of "Moderate Buy" and a consensus price target of $169.89.

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NVIDIA Trading Down 7.4 %

NASDAQ NVDA opened at $94.31 on Monday. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $2.30 trillion, a P/E ratio of 37.12, a PEG ratio of 1.76 and a beta of 1.96. The business has a fifty day simple moving average of $121.20 and a 200 day simple moving average of $131.19. NVIDIA Co. has a 12 month low of $75.61 and a 12 month high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued 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 company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, analysts predict that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued 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 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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