Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stake in NVIDIA Co. (NASDAQ:NVDA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,215,813 shares of the computer hardware maker's stock after selling 139,370 shares during the period. NVIDIA makes up about 4.4% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS's investment portfolio, making the stock its 2nd largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in NVIDIA were worth $700,432,000 as of its most recent SEC filing.

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

NVIDIA Stock Performance

NVDA traded up $4.58 during trading on Friday, reaching $111.01. 250,248,639 shares of the company's stock were exchanged, compared to its average volume of 304,641,559. NVIDIA Co. has a fifty-two week low of $81.25 and a fifty-two week high of $195.95. The company has a market capitalization of $2.71 trillion, a P/E ratio of 43.69, a PEG ratio of 1.76 and a beta of 1.96. 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 business has a 50 day moving average price of $113.21 and a 200 day moving average price of $128.95.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping 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 firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. As a group, analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently commented on NVDA. Barclays dropped their target price on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. UBS Group restated a "buy" rating on shares of NVIDIA in a report on Friday. Truist Financial upped their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a research note on Wednesday, March 19th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $200.00 price target on shares of NVIDIA in a report 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 given a strong buy rating to the company. According to data from MarketBeat, NVIDIA currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.96.

Insider Buying and Selling

In other news, Director John Dabiri sold 2,663 shares of the firm's stock in a transaction on 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 sale, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the completion of the sale, the director now owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock worth $17,133,207 in the last quarter. 4.23% of the stock is owned by corporate 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.