NVIDIA Co. (NASDAQ:NVDA) Stock Holdings Trimmed by KEYWISE CAPITAL MANAGEMENT HK Ltd

KEYWISE CAPITAL MANAGEMENT HK Ltd lessened its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 490,450 shares of the computer hardware maker's stock after selling 6,050 shares during the period. NVIDIA accounts for about 5.4% of KEYWISE CAPITAL MANAGEMENT HK Ltd's portfolio, making the stock its 5th largest position. KEYWISE CAPITAL MANAGEMENT HK Ltd's holdings in NVIDIA were worth $65,863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of NVIDIA during the fourth quarter valued at about $43,515,504,000. Northern Trust Corp lifted its position in NVIDIA by 15.8% in the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock valued at $35,782,134,000 after acquiring an additional 36,266,817 shares in the last quarter. Proficio Capital Partners LLC lifted its position in NVIDIA by 14,641.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock valued at $4,656,682,000 after acquiring an additional 34,441,082 shares in the last quarter. Capital International Investors boosted its stake in NVIDIA by 34.7% during the 4th quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker's stock valued at $8,445,182,000 after purchasing an additional 16,189,550 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in NVIDIA by 493.2% during the 4th quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock worth $2,388,272,000 after purchasing an additional 15,311,330 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVDA. Piper Sandler restated an "overweight" rating on shares of NVIDIA in a report on Wednesday. Seaport Res Ptn upgraded NVIDIA to a "strong sell" rating in a research note on Wednesday, April 30th. Summit Insights downgraded shares of NVIDIA from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Truist Financial increased their target price on shares of NVIDIA from $204.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Arete Research upgraded shares of NVIDIA to a "strong-buy" rating in a report on Wednesday, May 21st. Two research 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $167.53.

Insider Buying and Selling at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following 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 represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 completion of the transaction, 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 147,147 shares of company stock valued at $17,133,207 in the last 90 days. 4.17% of the stock is currently owned by company insiders.

NVIDIA Stock Performance

NVDA stock traded down $0.69 during midday trading on Wednesday, reaching $134.81. 290,644,109 shares of the company's stock traded hands, compared to its average volume of 288,597,502. The company has a 50-day moving average price of $114.51 and a two-hundred day moving average price of $126.60. 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 52 week low of $86.62 and a 52 week high of $195.95. The firm has a market capitalization of $3.30 trillion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. During the same quarter in the prior year, the firm posted $0.61 EPS. As a group, equities analysts anticipate that NVIDIA Co. will post 2.77 EPS for the current year.

About NVIDIA

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.