NVIDIA Co. (NASDAQ:NVDA) Shares Sold by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC cut its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,819 shares of the computer hardware maker's stock after selling 14,768 shares during the quarter. NVIDIA makes up approximately 1.1% of BTG Pactual Asset Management US LLC's holdings, making the stock its 14th biggest holding. BTG Pactual Asset Management US LLC's holdings in NVIDIA were worth $11,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Virtus Wealth Solutions LLC bought a new position in shares of NVIDIA in the 4th quarter worth $41,829,000. WealthTrust Axiom LLC increased its stake in NVIDIA by 1.7% during the 4th quarter. WealthTrust Axiom LLC now owns 9,217 shares of the computer hardware maker's stock valued at $1,238,000 after purchasing an additional 155 shares in the last quarter. Tiller Private Wealth Inc. raised its stake in NVIDIA by 5.9% in the 4th quarter. Tiller Private Wealth Inc. now owns 11,362 shares of the computer hardware maker's stock worth $1,526,000 after acquiring an additional 635 shares during the last quarter. Advisors Capital Management LLC increased its holdings in NVIDIA by 2.7% in the 4th quarter. Advisors Capital Management LLC now owns 989,061 shares of the computer hardware maker's stock worth $132,821,000 after buying an additional 26,054 shares during the period. Finally, Seeds Investor LLC raised its stake in shares of NVIDIA by 3.9% during the 4th quarter. Seeds Investor LLC now owns 63,109 shares of the computer hardware maker's stock valued at $8,475,000 after buying an additional 2,394 shares during the last quarter. Institutional investors own 65.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. HSBC cut NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd. Cantor Fitzgerald reissued an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a research report on Wednesday, April 16th. Rosenblatt Securities decreased their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, UBS Group lowered their target price on NVIDIA from $180.00 to $175.00 and set a "buy" rating for the company in a research note on Monday. One 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.84.

NVIDIA Price Performance

Shares of NVIDIA stock traded up $6.93 on Tuesday, hitting $129.93. The company's stock had a trading volume of 327,417,936 shares, compared to its average volume of 296,175,948. The company has a market capitalization of $3.18 trillion, a P/E ratio of 51.13, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 52-week low of $86.62 and a 52-week high of $195.95. The firm has a fifty day moving average price of $110.40 and a 200-day moving average price of $127.06. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The company 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%. On average, equities research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date was Wednesday, March 12th. NVIDIA's payout ratio is currently 1.36%.

Insider Buying and Selling at NVIDIA

In other news, Director Aarti S. Shah sold 20,000 shares of NVIDIA stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares in the company, valued at $6,300,891.36. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $110.00, for a total transaction 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,147 shares of company stock worth $17,133,207. 4.23% of the stock is owned by insiders.

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.