Rakuten Securities Inc. cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 367,383 shares of the computer hardware maker's stock after selling 46,262 shares during the quarter. NVIDIA makes up about 19.4% of Rakuten Securities Inc.'s portfolio, making the stock its largest position. Rakuten Securities Inc.'s holdings in NVIDIA were worth $49,336,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. boosted its holdings in NVIDIA by 2.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 1,628,347 shares of the computer hardware maker's stock worth $218,671,000 after acquiring an additional 41,649 shares in the last quarter. Essential Planning LLC. grew its position in NVIDIA by 1,271.7% in the 4th quarter. Essential Planning LLC. now owns 90,177 shares of the computer hardware maker's stock valued at $12,300,000 after purchasing an additional 83,603 shares during the period. Forge First Asset Management Inc. increased its stake in NVIDIA by 219.9% during the 4th quarter. Forge First Asset Management Inc. now owns 7,710 shares of the computer hardware maker's stock valued at $1,035,000 after purchasing an additional 5,300 shares in the last quarter. Liberty Wealth Management LLC lifted its stake in shares of NVIDIA by 5.2% in the fourth quarter. Liberty Wealth Management LLC now owns 98,532 shares of the computer hardware maker's stock valued at $13,232,000 after buying an additional 4,862 shares in the last quarter. Finally, Great Lakes Advisors LLC increased its position in shares of NVIDIA by 4.7% during the fourth quarter. Great Lakes Advisors LLC now owns 1,262,357 shares of the computer hardware maker's stock worth $169,522,000 after acquiring an additional 57,024 shares in the last quarter. 65.27% of the stock is owned by institutional investors.
NVIDIA Stock Performance
NVDA stock traded down $3.16 during midday trading on Friday, reaching $101.33. The stock had a trading volume of 290,593,259 shares, compared to its average volume of 312,556,411. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. The firm has a fifty day simple moving average of $117.19 and a two-hundred day simple moving average of $129.89. The stock has a market cap of $2.47 trillion, a PE ratio of 39.88, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52-week low of $75.61 and a 52-week high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, equities research analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio is currently 1.36%.
Wall Street Analyst Weigh In
A number of brokerages have commented on NVDA. Barclays boosted their price objective on NVIDIA from $160.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, January 17th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Mizuho reduced their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. UBS Group decreased their target price on NVIDIA from $185.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday. Finally, William Blair restated an "outperform" rating on shares of NVIDIA in a research note on Thursday, March 20th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $165.51.
Check Out Our Latest Stock Analysis on NVDA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $525,600.00. Following the completion of the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.
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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