Royal London Asset Management Ltd. Cuts Position in NVIDIA Co. (NASDAQ:NVDA)

Royal London Asset Management Ltd. trimmed its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,667,410 shares of the computer hardware maker's stock after selling 41,432 shares during the quarter. NVIDIA comprises about 5.5% of Royal London Asset Management Ltd.'s investment portfolio, making the stock its 3rd biggest holding. Royal London Asset Management Ltd. owned about 0.07% of NVIDIA worth $2,238,266,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Tacita Capital Inc purchased a new position in shares of NVIDIA during the fourth quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new position in NVIDIA during the fourth quarter valued at $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA in the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA during the fourth quarter valued at $46,000. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total value of $2,368,400.00. Following the sale, the director now owns 53,208 shares of the company's stock, valued at $6,300,891.36. The trade was a 27.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.23% of the company's stock.

NVIDIA Price Performance

NASDAQ:NVDA traded up $4.58 on Friday, reaching $111.01. 250,248,639 shares of the company's stock traded hands, compared to its average volume of 306,095,411. The stock has a 50-day simple moving average of $113.77 and a 200-day simple moving average of $129.16. NVIDIA Co. has a 12 month low of $78.22 and a 12 month high of $195.95. The firm has a market cap of $2.71 trillion, a PE ratio of 43.69, a P/E/G ratio of 1.76 and a beta of 1.96. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly 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 company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. Equities research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

The business also recently announced 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 was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. NVIDIA's dividend payout ratio is 1.36%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays dropped their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price objective on NVIDIA in a research report on Wednesday, March 19th. Finally, Hsbc Global Res downgraded NVIDIA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.96.

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.