Dempze Nancy E Has $8.98 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Dempze Nancy E reduced its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,838 shares of the computer hardware maker's stock after selling 3,903 shares during the period. NVIDIA comprises approximately 5.2% of Dempze Nancy E's portfolio, making the stock its largest position. Dempze Nancy E's holdings in NVIDIA were worth $8,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SOA Wealth Advisors LLC. lifted its position in shares of NVIDIA by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after buying an additional 350 shares during the last quarter. Swedbank AB raised its stake in NVIDIA by 4.8% during the 3rd quarter. Swedbank AB now owns 40,888,722 shares of the computer hardware maker's stock worth $4,965,526,000 after acquiring an additional 1,868,358 shares in the last quarter. Principal Financial Group Inc. boosted its stake in NVIDIA by 3.7% in the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock valued at $4,326,576,000 after acquiring an additional 1,285,897 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in NVIDIA by 3.0% in the third quarter. First Horizon Advisors Inc. now owns 81,217 shares of the computer hardware maker's stock valued at $9,863,000 after acquiring an additional 2,374 shares in the last quarter. Finally, Etfidea LLC increased its position in shares of NVIDIA by 2.4% during the third quarter. Etfidea LLC now owns 6,731 shares of the computer hardware maker's stock worth $817,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Activity at NVIDIA

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction 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. The trade was 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. Corporate insiders own 4.23% of the company's stock.

NVIDIA Trading Up 2.9 %

NVDA stock traded up $3.35 on Wednesday, hitting $116.89. 206,176,787 shares of the company were exchanged, compared to its average volume of 297,970,896. The stock has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The business's fifty day moving average is $110.37 and its two-hundred day moving average is $127.81. NVIDIA Co. has a twelve month low of $86.62 and a twelve month 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 quarterly earnings data 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 return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. As a group, research analysts forecast that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Wall Street Analyst Weigh In

NVDA has been the subject of a number of research analyst reports. Truist Financial upped their target price on NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. DA Davidson reduced their price target on shares of NVIDIA from $125.00 to $120.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Mizuho lowered their price objective on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Finally, Citigroup reaffirmed a "buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.96.

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.