Grand Alliance Asset Management Ltd Has $22.56 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Grand Alliance Asset Management Ltd cut its position in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 60.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,000 shares of the computer hardware maker's stock after selling 262,000 shares during the quarter. NVIDIA accounts for 24.8% of Grand Alliance Asset Management Ltd's investment portfolio, making the stock its 2nd biggest holding. Grand Alliance Asset Management Ltd's holdings in NVIDIA were worth $22,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its position in NVIDIA by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 120,634 shares of the computer hardware maker's stock worth $14,650,000 after buying an additional 350 shares in the last quarter. Principal Financial Group Inc. increased its position in NVIDIA by 3.7% during the third quarter. Principal Financial Group Inc. now owns 35,627,274 shares of the computer hardware maker's stock worth $4,326,576,000 after buying an additional 1,285,897 shares in the last quarter. Dorsey Wright & Associates increased its position in NVIDIA by 1.5% during the third quarter. Dorsey Wright & Associates now owns 104,828 shares of the computer hardware maker's stock worth $12,730,000 after buying an additional 1,536 shares in the last quarter. Kensington Investment Counsel LLC increased its position in NVIDIA by 2.0% during the third quarter. Kensington Investment Counsel LLC now owns 29,555 shares of the computer hardware maker's stock worth $3,589,000 after buying an additional 578 shares in the last quarter. Finally, Kimelman & Baird LLC increased its position in NVIDIA by 680.4% during the third quarter. Kimelman & Baird LLC now owns 51,423 shares of the computer hardware maker's stock worth $6,245,000 after buying an additional 44,834 shares in the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Susquehanna reaffirmed a "positive" rating and issued a $180.00 price objective on shares of NVIDIA in a research report on Wednesday, March 19th. Barclays lowered their price objective on NVIDIA from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Rosenblatt Securities lowered their price objective on NVIDIA from $220.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. DA Davidson reduced their target price on NVIDIA from $125.00 to $120.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, DZ Bank upgraded NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.84.

Insiders Place Their Bets

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aarti S. Shah sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $118.42, for a total value of $2,368,400.00. Following the transaction, the director now directly owns 53,208 shares of the company's stock, valued at $6,300,891.36. This trade represents a 27.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock valued at $17,133,207 over the last 90 days. 4.23% of the stock is owned by company insiders.

NVIDIA Stock Down 0.9%

Shares of NASDAQ:NVDA traded down $1.19 during trading on Tuesday, hitting $134.38. The company's stock had a trading volume of 160,519,454 shares, compared to its average volume of 293,703,320. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.64 and a current ratio of 4.10. NVIDIA Co. has a fifty-two week low of $86.62 and a fifty-two week high of $195.95. The stock's 50-day moving average price is $112.73 and its two-hundred day moving average price is $126.93. The company has a market capitalization of $3.29 trillion, a PE ratio of 52.88, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 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 company had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. As a group, sell-side analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

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

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.