NVIDIA Co. (NASDAQ:NVDA) is BNP Paribas' 3rd Largest Position

BNP Paribas grew its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 947,028 shares of the computer hardware maker's stock after acquiring an additional 12,646 shares during the period. NVIDIA comprises about 5.4% of BNP Paribas' portfolio, making the stock its 3rd largest holding. BNP Paribas' holdings in NVIDIA were worth $127,941,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NVDA. DiNuzzo Private Wealth Inc. grew its stake in shares of NVIDIA by 0.8% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker's stock worth $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% in the 4th quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker's stock worth $323,000 after acquiring an additional 76 shares in the last quarter. Kwmg LLC grew its stake in shares of NVIDIA by 0.6% in the 4th quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker's stock worth $1,755,000 after acquiring an additional 77 shares in the last quarter. SC&H Financial Advisors Inc. grew its stake in shares of 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 acquiring an additional 80 shares in the last quarter. Finally, DecisionPoint Financial LLC grew its stake in shares of 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 acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

NVIDIA Trading Up 3.2%

Shares of NVIDIA stock traded up $4.21 on Tuesday, hitting $135.50. The stock had a trading volume of 191,793,409 shares, compared to its average volume of 288,543,894. 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 Co. has a one year low of $86.62 and a one year high of $195.95. The stock has a market cap of $3.31 trillion, a price-to-earnings ratio of 53.33, a PEG ratio of 1.76 and a beta of 2.11. The stock's 50-day simple moving average is $114.51 and its two-hundred day simple moving average is $126.60.

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

NVIDIA Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America increased their price target on shares of NVIDIA from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Benchmark restated a "buy" rating and set a $190.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Stifel Nicolaus set a $180.00 price target on shares of NVIDIA in a research report on Wednesday, March 19th. Wedbush lowered shares of NVIDIA from an "outperform" rating to a "cautious" rating in a research report on Friday. Finally, 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of "Moderate Buy" and an average price target of $167.53.

Insider Activity at NVIDIA

In other NVIDIA news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the completion of the transaction, the chief financial officer now owns 3,085,765 shares of the company's stock, valued at approximately $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares of the company's stock, valued at $28,993,071.56. This represents a 17.52% decrease in their position. 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 over the last quarter. Corporate insiders own 4.17% 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.