Teacher Retirement System of Texas Buys 1,771,877 Shares of NVIDIA Co. (NASDAQ:NVDA)

Teacher Retirement System of Texas increased its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,734,868 shares of the computer hardware maker's stock after purchasing an additional 1,771,877 shares during the quarter. NVIDIA comprises about 4.2% of Teacher Retirement System of Texas' portfolio, making the stock its 3rd biggest position. Teacher Retirement System of Texas' holdings in NVIDIA were worth $1,173,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of NVDA. Clear Street Derivatives LLC bought a new stake in NVIDIA during the 3rd quarter worth about $4,589,905,000. Proficio Capital Partners LLC grew its position in shares of NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after buying an additional 34,441,082 shares during the period. Amundi raised its stake in shares of NVIDIA by 12.9% during the fourth quarter. Amundi now owns 117,036,612 shares of the computer hardware maker's stock worth $16,394,224,000 after buying an additional 13,406,054 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NVIDIA by 2.2% during the third quarter. Geode Capital Management LLC now owns 546,079,492 shares of the computer hardware maker's stock worth $66,101,133,000 after buying an additional 11,525,969 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NVIDIA by 3.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,403,789 shares of the computer hardware maker's stock valued at $21,908,236,000 after buying an additional 6,526,200 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Transactions at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the transaction, the director now directly owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now directly owns 479,428 shares of the company's stock, valued at $55,997,190.40. The trade was a 0.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,147 shares of company stock worth $17,133,207 in the last ninety days. Insiders own 4.23% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on NVDA shares. Summit Insights cut shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. KeyCorp set a $190.00 price objective on NVIDIA in a report on Wednesday, March 19th. DA Davidson reduced their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Morgan Stanley set a $162.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Wednesday, March 19th. Six analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.01.

NVIDIA Stock Performance

Shares of NASDAQ NVDA opened at $102.67 on Thursday. 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 stock has a 50 day moving average price of $114.42 and a 200 day moving average price of $129.31. The stock has a market capitalization of $2.51 trillion, a PE ratio of 40.41, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52 week low of $78.22 and a 52 week high of $195.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, beating the consensus estimate 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%. Analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

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.

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