Altshuler Shaham Ltd grew its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 67.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,750 shares of the computer hardware maker's stock after purchasing an additional 36,088 shares during the quarter. NVIDIA makes up approximately 0.4% of Altshuler Shaham Ltd's portfolio, making the stock its 19th biggest position. Altshuler Shaham Ltd's holdings in NVIDIA were worth $11,779,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in NVIDIA in the fourth quarter worth $43,515,504,000. Clear Street Derivatives LLC purchased a new stake in NVIDIA in the third quarter worth $4,589,905,000. Proficio Capital Partners LLC lifted its stake in NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after acquiring an additional 34,441,082 shares during the period. APG Asset Management N.V. lifted its stake in NVIDIA by 493.2% in the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock worth $2,388,272,000 after acquiring an additional 15,311,330 shares during the period. Finally, GQG Partners LLC lifted its stake in NVIDIA by 132.3% in the fourth quarter. GQG Partners LLC now owns 25,697,930 shares of the computer hardware maker's stock worth $3,450,975,000 after acquiring an additional 14,636,057 shares during the period. Hedge funds and other institutional investors own 65.27% of the company's stock.
NVIDIA Stock Down 0.4%
NASDAQ:NVDA traded down $0.51 during mid-day trading on Thursday, hitting $134.83. The company had a trading volume of 225,714,934 shares, compared to its average volume of 295,380,357. The business has a fifty day simple moving average of $111.24 and a 200-day simple moving average of $127.14. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The firm has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 53.06, a PEG ratio of 1.76 and a beta of 2.11.
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. 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 analyst estimates of $38.16 billion. Equities analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.
NVIDIA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
Insider Transactions at NVIDIA
In related news, Director John Dabiri sold 2,663 shares of NVIDIA 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 completion of the transaction, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. This trade represents 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 accessible through this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the transaction, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. This trade represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on NVDA shares. Raymond James reiterated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Bank of America increased their price objective on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, Mizuho decreased their price objective on NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NVIDIA has an average rating of "Moderate Buy" and a consensus target price of $164.84.
Get Our Latest Stock Analysis on NVIDIA
NVIDIA Profile
(
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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