Artisan Partners Limited Partnership Raises Holdings in NVIDIA Co. (NASDAQ:NVDA)

Artisan Partners Limited Partnership increased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,901,766 shares of the computer hardware maker's stock after acquiring an additional 18,136 shares during the quarter. Artisan Partners Limited Partnership's holdings in NVIDIA were worth $389,678,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. boosted its position in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock valued at $1,157,000 after acquiring an additional 71 shares during the period. Palisade Asset Management LLC boosted its position in shares of NVIDIA by 0.5% during the 3rd quarter. Palisade Asset Management LLC now owns 15,363 shares of the computer hardware maker's stock valued at $1,866,000 after acquiring an additional 75 shares during the last quarter. Baker Boyer National Bank grew its holdings in shares of NVIDIA by 3.3% during the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after purchasing an additional 76 shares in the last quarter. Kwmg LLC boosted its holdings in shares of NVIDIA by 0.6% in the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after purchasing an additional 77 shares in the last quarter. Finally, SC&H Financial Advisors Inc. lifted its holdings in shares of NVIDIA by 1.6% in the 4th quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker's stock worth $681,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Insider Buying and Selling

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aarti S. Shah sold 20,000 shares of the firm's 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 directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This represents a 27.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. Insiders own 4.23% of the company's stock.

Wall Street Analysts Forecast Growth

NVDA has been the subject of a number of analyst reports. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Thursday, April 3rd. Morgan Stanley dropped their price target on NVIDIA from $162.00 to $160.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC restated a "buy" rating and set a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. Finally, Bank of America decreased their price target on shares of NVIDIA from $200.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.96.

NVIDIA Price Performance

Shares of NASDAQ NVDA traded down $0.10 during mid-day trading on Wednesday, reaching $108.92. The company's stock had a trading volume of 229,377,969 shares, compared to its average volume of 302,869,091. The stock has a fifty day moving average of $111.97 and a two-hundred day moving average of $128.63. The firm has a market capitalization of $2.66 trillion, a PE ratio of 42.87, a P/E/G ratio of 1.76 and a beta of 1.96. NVIDIA Co. has a 52 week low of $81.25 and a 52 week 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 released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05. The firm had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. As a group, sell-side analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were issued 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%.

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.