NVIDIA Co. (NASDAQ:NVDA) is Ensign Peak Advisors Inc's 2nd Largest Position

Ensign Peak Advisors Inc reduced its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,709,845 shares of the computer hardware maker's stock after selling 2,710,511 shares during the quarter. NVIDIA accounts for about 5.9% of Ensign Peak Advisors Inc's investment portfolio, making the stock its 2nd largest holding. Ensign Peak Advisors Inc owned about 0.10% of NVIDIA worth $3,318,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NVDA. Tacita Capital Inc acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $38,000. Luken Investment Analytics LLC acquired a new stake in shares of NVIDIA during the 4th quarter valued at approximately $40,000. Lowe Wealth Advisors LLC bought a new position in NVIDIA during the 4th quarter worth $46,000. Finally, LSV Asset Management bought a new position in NVIDIA during the 4th quarter worth $54,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director John Dabiri sold 2,663 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $115.49, for a total value of $6,158,388.76. Following the completion of the sale, the director now directly owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. Corporate insiders own 4.17% of the company's stock.

NVIDIA Trading Down 1.4%

Shares of NASDAQ NVDA traded down $1.98 during mid-day trading on Friday, hitting $137.21. 66,178,149 shares of the company traded hands, compared to its average volume of 285,565,984. NVIDIA Co. has a 1 year low of $86.62 and a 1 year high of $195.95. The stock has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 53.88, a PEG 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. The business has a 50 day moving average of $115.20 and a two-hundred day moving average of $126.61.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). The business had revenue of $44.06 billion during the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm's revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. On average, sell-side analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date is Wednesday, June 11th. NVIDIA's dividend payout ratio is currently 1.29%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NVDA shares. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Mizuho upped their price objective on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a research note on Thursday. Arete Research upgraded NVIDIA to a "strong-buy" rating in a research note on Wednesday, May 21st. Raymond James upped their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research note on Thursday. Finally, Summit Insights upgraded NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $171.66.

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.