William Blair Investment Management LLC Has $1.78 Billion Stock Position in NVIDIA Co. (NASDAQ:NVDA)

William Blair Investment Management LLC increased its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,279,405 shares of the computer hardware maker's stock after buying an additional 520,024 shares during the period. NVIDIA accounts for about 4.4% of William Blair Investment Management LLC's holdings, making the stock its 2nd largest holding. William Blair Investment Management LLC owned 0.05% of NVIDIA worth $1,783,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NVDA. Tacita Capital Inc purchased a new stake in NVIDIA during the 4th quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the fourth quarter valued at $34,000. Vision Financial Markets LLC bought a new stake in NVIDIA in the 4th quarter worth about $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA in the 4th quarter worth about $40,000. Finally, Lowe Wealth Advisors LLC bought a new position in NVIDIA during the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

NVIDIA Price Performance

NVIDIA stock opened at $96.91 on Tuesday. The stock has a market cap of $2.36 trillion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 1.76 and a beta of 1.96. The firm has a 50-day moving average of $115.87 and a two-hundred day moving average of $129.71. NVIDIA Co. has a 1 year low of $76.40 and a 1 year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The firm 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 annualized dividend and a yield of 0.04%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.

Insider Buying and Selling at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated 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 directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $2,368,400.00. Following the completion of the transaction, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. The trade was a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,147 shares of company stock valued at $17,133,207. Company insiders own 4.23% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NVDA. Summit Insights lowered shares of NVIDIA from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $160.00 target price on shares of NVIDIA in a research report on Wednesday, March 19th. Tigress Financial reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, February 26th. UBS Group cut their price target on NVIDIA from $185.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Benchmark reaffirmed a "buy" rating and issued a $190.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and an average price target of $165.51.

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.

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