TCW Group Inc. Has $920.12 Million Position in NVIDIA Co. (NASDAQ:NVDA)

TCW Group Inc. lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,851,702 shares of the computer hardware maker's stock after selling 351,100 shares during the quarter. NVIDIA comprises about 7.8% of TCW Group Inc.'s investment portfolio, making the stock its biggest position. TCW Group Inc.'s holdings in NVIDIA were worth $920,115,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NVDA. AMF Tjanstepension AB grew its holdings in NVIDIA by 2.2% in the 3rd quarter. AMF Tjanstepension AB now owns 8,039,712 shares of the computer hardware maker's stock valued at $976,348,000 after buying an additional 169,445 shares during the period. Wealth Group Ltd. grew its holdings in NVIDIA by 5.0% in the third quarter. Wealth Group Ltd. now owns 5,602 shares of the computer hardware maker's stock valued at $680,000 after purchasing an additional 265 shares during the period. SOA Wealth Advisors LLC. raised its stake in NVIDIA by 0.3% during the third 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 during the period. Swedbank AB grew its stake 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 valued at $4,965,526,000 after buying an additional 1,868,358 shares during the period. Finally, Eaton Cambridge Inc. grew its stake in shares of NVIDIA by 4.6% during the 3rd quarter. Eaton Cambridge Inc. now owns 18,732 shares of the computer hardware maker's stock valued at $2,275,000 after buying an additional 819 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NVDA shares. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Morgan Stanley set a $162.00 price target on NVIDIA and gave the stock an "overweight" rating in a report on Wednesday, March 19th. Benchmark reissued a "buy" rating and set a $190.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Tigress Financial restated a "buy" rating on shares of NVIDIA in a research note on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $171.51.

NVIDIA Price Performance

NVDA stock traded down $3.95 on Monday, hitting $105.72. 165,878,439 shares of the company's stock traded hands, compared to its average volume of 314,143,137. The stock has a market cap of $2.58 trillion, a price-to-earnings ratio of 41.59, a P/E/G ratio of 1.76 and a beta of 1.77. NVIDIA Co. has a 1-year low of $75.61 and a 1-year high of $195.95. 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 stock has a fifty day moving average of $125.01 and a 200-day moving average of $131.61.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. On average, analysts forecast that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of the company's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $151.10, for a total value of $5,509,408.20. Following the transaction, the executive vice president now owns 3,902,888 shares in the company, valued at $589,726,376.80. This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,609 shares of company stock worth $22,642,615 over the last ninety days. 4.23% of the stock is currently owned by company insiders.

About NVIDIA

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.