Bamco Inc. NY Has $382.28 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Bamco Inc. NY lowered its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,846,647 shares of the computer hardware maker's stock after selling 146,933 shares during the period. NVIDIA makes up 1.0% of Bamco Inc. NY's holdings, making the stock its 19th largest position. Bamco Inc. NY's holdings in NVIDIA were worth $382,276,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in NVDA. Norges Bank bought a new stake in NVIDIA during the 4th quarter valued at $43,515,504,000. Northern Trust Corp lifted its holdings in shares of NVIDIA by 15.8% in the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after buying an additional 36,266,817 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of NVIDIA by 14,641.2% in the fourth quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after buying an additional 34,441,082 shares during the period. Capital International Investors lifted its holdings in shares of NVIDIA by 34.7% in the fourth quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker's stock valued at $8,445,182,000 after buying an additional 16,189,550 shares during the period. Finally, APG Asset Management N.V. raised its position in NVIDIA by 493.2% in the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock worth $2,388,272,000 after acquiring an additional 15,311,330 shares in the last quarter. Institutional investors own 65.27% of the company's stock.

Insiders Place Their Bets

In other NVIDIA news, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction dated 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 owns 53,208 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total value of $7,787,887.80. Following the completion of the sale, the chief financial officer now directly owns 3,085,765 shares of the company's stock, valued at $360,509,924.95. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last quarter. Insiders own 4.23% of the company's stock.

NVIDIA Stock Down 1.2%

NVDA traded down $1.54 during trading on Friday, reaching $131.29. 198,282,939 shares of the stock traded hands, compared to its average volume of 289,485,184. The stock has a market cap of $3.21 trillion, a price-to-earnings ratio of 51.67, 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 company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock's 50-day simple moving average is $113.89 and its two-hundred day simple moving average is $126.94.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. As a group, equities research analysts expect 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 given a $0.01 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. HSBC cut shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Thursday, April 3rd. Morgan Stanley reiterated a "hold" rating on shares of NVIDIA in a research report on Friday. KeyCorp set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. UBS Group reiterated a "buy" rating on shares of NVIDIA in a research report on Friday. Finally, Mizuho dropped their price target 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.86.

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.