Driehaus Capital Management LLC Has $3.71 Million Holdings in NVIDIA Co. (NASDAQ:NVDA)

Driehaus Capital Management LLC lessened its stake in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,623 shares of the computer hardware maker's stock after selling 7,670 shares during the period. Driehaus Capital Management LLC's holdings in NVIDIA were worth $3,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tacita Capital Inc purchased a new position in NVIDIA in the fourth quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of NVIDIA during the fourth quarter valued at approximately $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA during the 4th quarter worth approximately $38,000. Luken Investment Analytics LLC purchased a new position in NVIDIA during the 4th quarter valued at $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in NVIDIA in the fourth quarter worth $46,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVIDIA

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction dated 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 owns 251,044 shares in the company, valued at $28,993,071.56. This trade 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 valued at $17,133,207 in the last three months. 4.17% of the stock is currently owned by company insiders.

NVIDIA Price Performance

Shares of NVDA stock traded up $6.79 during midday trading on Thursday, reaching $141.60. 154,944,890 shares of the company traded hands, compared to its average volume of 286,706,902. The firm's 50 day simple moving average is $114.85 and its two-hundred day simple moving average is $126.66. The firm has a market cap of $3.46 trillion, a PE ratio of 55.54, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a 1-year low of $86.62 and a 1-year 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 issued its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same period last year, the company posted $0.61 EPS. The business's revenue for the quarter was up 69.2% on a year-over-year basis. On average, equities research analysts expect that NVIDIA Co. will post 2.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. HSBC lowered shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Thursday, April 3rd. Barclays restated an "overweight" rating and issued a $170.00 target price on shares of NVIDIA in a research note on Thursday. Stifel Nicolaus set a $180.00 price target on NVIDIA in a report on Wednesday, March 19th. Summit Insights raised NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Raymond James restated a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, thirty-five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $169.50.

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.