NVIDIA Co. (NASDAQ:NVDA) Stake Reduced by Driehaus Capital Management LLC

Driehaus Capital Management LLC lessened its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 21.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,623 shares of the computer hardware maker's stock after selling 7,670 shares during the quarter. Driehaus Capital Management LLC's holdings in NVIDIA were worth $3,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canandaigua National Trust Co of Florida increased its position in NVIDIA by 17.8% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 14,200 shares of the computer hardware maker's stock worth $1,907,000 after buying an additional 2,148 shares in the last quarter. APEIRON CAPITAL Ltd boosted its stake in shares of NVIDIA by 46.1% during the fourth quarter. APEIRON CAPITAL Ltd now owns 284,100 shares of the computer hardware maker's stock valued at $38,152,000 after acquiring an additional 89,650 shares during the last quarter. Bangor Savings Bank increased its position in NVIDIA by 60.5% during the 4th quarter. Bangor Savings Bank now owns 14,006 shares of the computer hardware maker's stock worth $1,881,000 after purchasing an additional 5,277 shares in the last quarter. Diversified Trust Co lifted its holdings in NVIDIA by 4.1% in the 4th quarter. Diversified Trust Co now owns 659,442 shares of the computer hardware maker's stock valued at $88,557,000 after purchasing an additional 26,179 shares in the last quarter. Finally, Bank & Trust Co boosted its stake in shares of NVIDIA by 5.3% during the 4th quarter. Bank & Trust Co now owns 5,593 shares of the computer hardware maker's stock worth $751,000 after purchasing an additional 279 shares during the last quarter. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVIDIA

In related news, CFO Colette Kress sold 66,660 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dabiri sold 2,663 shares of the business'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 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 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 ninety days. 4.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVDA. Susquehanna reissued a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a research note on Wednesday, March 19th. Rosenblatt Securities reduced their price target on NVIDIA from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $190.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays decreased their price target on NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $167.53.

NVIDIA Stock Performance

NASDAQ NVDA 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 288,540,280. The company's 50-day moving average is $114.17 and its two-hundred day moving average is $126.54. 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 P/E/G ratio of 1.76 and a beta of 2.11. 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 (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (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 analyst estimates of $38.16 billion. On average, analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Dividend Announcement

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

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.