NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. trimmed its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,059,510 shares of the computer hardware maker's stock after selling 308,500 shares during the period. NVIDIA comprises 5.4% of Adage Capital Partners GP L.L.C.'s investment portfolio, making the stock its 2nd biggest holding. Adage Capital Partners GP L.L.C. owned approximately 0.09% of NVIDIA worth $3,096,662,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. increased its position in NVIDIA by 0.8% in the 4th 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 in the last quarter. Baker Boyer National Bank grew its stake 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 valued at $323,000 after purchasing an additional 76 shares during the last quarter. Kwmg LLC increased its holdings in shares of NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock valued at $1,755,000 after purchasing an additional 77 shares in the last quarter. SC&H Financial Advisors Inc. raised its position in 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 purchasing an additional 80 shares during the last quarter. Finally, DecisionPoint Financial LLC raised its position in NVIDIA by 2.9% in the 4th quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker's stock worth $386,000 after purchasing an additional 80 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVDA. Morgan Stanley lowered their target price on NVIDIA from $162.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Mizuho lowered their price target on shares of NVIDIA from $175.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Finally, Bank of America boosted their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, NVIDIA has an average rating of "Moderate Buy" and a consensus price target of $164.84.

NVIDIA Stock Up 0.1%

Shares of NVDA stock traded up $0.17 on Monday, hitting $135.57. 192,257,358 shares of the stock were exchanged, compared to its average volume of 294,331,138. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.32 trillion, a P/E ratio of 53.35, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The business has a 50-day moving average of $112.33 and a 200 day moving average of $126.93.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 firm had revenue of $39.33 billion during the quarter, compared to the consensus estimate of $38.16 billion. Equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Transactions at NVIDIA

In other news, Director Robert K. Burgess sold 53,324 shares of the business'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 transaction, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Dabiri sold 2,663 shares of the company's 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 completion of the sale, the director now directly owns 17,279 shares in the company, valued at approximately $1,900,690. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock worth $17,133,207 in the last 90 days. Corporate insiders own 4.23% of the company's stock.

NVIDIA 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.