Light Street Capital Management LLC Has $56.31 Million Stake in NVIDIA Co. (NASDAQ:NVDA)

Light Street Capital Management LLC trimmed its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,310 shares of the computer hardware maker's stock after selling 154,380 shares during the quarter. NVIDIA makes up 10.3% of Light Street Capital Management LLC's investment portfolio, making the stock its largest position. Light Street Capital Management LLC's holdings in NVIDIA were worth $56,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Regent Peak Wealth Advisors LLC grew its position in NVIDIA by 0.4% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 81,833 shares of the computer hardware maker's stock worth $10,989,000 after acquiring an additional 322 shares during the last quarter. Wealth Group Ltd. grew its position in shares of NVIDIA by 1.8% in the 4th quarter. Wealth Group Ltd. now owns 5,702 shares of the computer hardware maker's stock worth $766,000 after buying an additional 100 shares during the last quarter. Czech National Bank grew its position in shares of NVIDIA by 6.1% in the 4th quarter. Czech National Bank now owns 5,316,840 shares of the computer hardware maker's stock worth $713,998,000 after buying an additional 305,153 shares during the last quarter. Aprio Wealth Management LLC grew its position in shares of NVIDIA by 14.0% in the 4th quarter. Aprio Wealth Management LLC now owns 26,549 shares of the computer hardware maker's stock worth $3,565,000 after buying an additional 3,264 shares during the last quarter. Finally, Matrix Trust Co bought a new stake in shares of NVIDIA in the 4th quarter worth approximately $155,000. 65.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction on 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 owns 251,044 shares of the company's stock, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Dabiri sold 2,663 shares of NVIDIA stock in a transaction 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 completion of the sale, the director now directly owns 17,279 shares of the company's stock, valued at $1,900,690. The trade was a 13.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,147 shares of company stock valued at $17,133,207 over the last 90 days. Company insiders own 4.17% of the company's stock.

NVIDIA Stock Down 2.9%

Shares of NVIDIA stock traded down $4.04 on Friday, reaching $135.15. The company's stock had a trading volume of 222,495,682 shares, compared to its average volume of 286,185,232. The company has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 53.13, a P/E/G ratio of 1.76 and a beta of 2.11. The firm's fifty day simple moving average is $115.20 and its two-hundred day simple moving average is $126.61. NVIDIA Co. has a 52 week low of $86.62 and a 52 week high of $195.95. 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, 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 firm had revenue of $44.06 billion during the quarter, compared to the consensus estimate of $43.09 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business's revenue was up 69.2% on a year-over-year basis. Equities analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $160.00 price objective on shares of NVIDIA in a research report on Thursday. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Raymond James lifted their price objective on NVIDIA from $150.00 to $165.00 and gave the stock a "strong-buy" rating in a research report on Thursday. DA Davidson lifted their price objective on NVIDIA from $120.00 to $135.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, TD Cowen raised their target price on NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $171.66.

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.