Aster Capital Management DIFC Ltd reduced its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 98.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,335 shares of the computer hardware maker's stock after selling 84,100 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in NVIDIA were worth $179,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in NVDA. Federated Hermes Inc. raised its stake in shares of NVIDIA by 1.0% in the fourth quarter. Federated Hermes Inc. now owns 6,559,726 shares of the computer hardware maker's stock valued at $880,906,000 after buying an additional 63,759 shares during the period. Oribel Capital Management LP purchased a new stake in NVIDIA in the 4th quarter worth about $98,905,000. Edgewood Management LLC raised its stake in NVIDIA by 1.3% in the 4th quarter. Edgewood Management LLC now owns 17,100,135 shares of the computer hardware maker's stock valued at $2,296,377,000 after acquiring an additional 213,522 shares during the period. Clarkston Capital Partners LLC lifted its holdings in NVIDIA by 21.8% during the fourth quarter. Clarkston Capital Partners LLC now owns 8,090 shares of the computer hardware maker's stock valued at $1,086,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Alcosta Capital Management Inc. boosted its position in NVIDIA by 0.3% during the fourth quarter. Alcosta Capital Management Inc. now owns 130,821 shares of the computer hardware maker's stock worth $17,568,000 after purchasing an additional 331 shares during the period. Institutional investors own 65.27% of the company's stock.
Insider Activity
In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction of $292,930.00. Following the sale, the director now owns 17,279 shares in the company, valued at $1,900,690. This represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the director now directly owns 53,208 shares in the company, valued at approximately $6,300,891.36. This trade represents a 27.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
NVDA has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. KeyCorp set a $190.00 price target on NVIDIA in a research report on Wednesday, March 19th. Hsbc Global Res cut NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. DA Davidson reduced their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Mizuho decreased their price target on NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.
Check Out Our Latest Stock Analysis on NVDA
NVIDIA Stock Up 2.9 %
Shares of NVDA opened at $116.89 on Thursday. The firm has a market cap of $2.85 trillion, a PE ratio of 46.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The company's fifty day moving average is $110.21 and its two-hundred day moving average is $127.73. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results 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. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. Analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.
NVIDIA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is 1.36%.
NVIDIA Company 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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