Main Management ETF Advisors LLC lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,432 shares of the computer hardware maker's stock after selling 3,904 shares during the period. NVIDIA comprises approximately 0.3% of Main Management ETF Advisors LLC's holdings, making the stock its 22nd biggest holding. Main Management ETF Advisors LLC's holdings in NVIDIA were worth $5,832,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in NVDA. Norges Bank acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $43,515,504,000. Northern Trust Corp grew its position in NVIDIA by 15.8% during the 4th quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after acquiring an additional 36,266,817 shares during the last quarter. Proficio Capital Partners LLC raised 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 purchasing an additional 34,441,082 shares during the last quarter. Capital International Investors grew its holdings in shares of NVIDIA by 34.7% during the fourth quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker's stock worth $8,445,182,000 after purchasing an additional 16,189,550 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of NVIDIA by 493.2% in the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock valued at $2,388,272,000 after buying an additional 15,311,330 shares in the last quarter. Institutional investors own 65.27% of the company's stock.
NVIDIA Price Performance
Shares of NVDA traded up $4.38 during trading hours on Thursday, reaching $139.19. The stock had a trading volume of 368,832,482 shares, compared to its average volume of 286,410,423. 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 12 month low of $86.62 and a 12 month high of $195.95. The stock has a market capitalization of $3.40 trillion, a PE ratio of 54.78, a PEG ratio of 1.76 and a beta of 2.11. The company's 50-day moving average is $114.85 and its two-hundred day moving average is $126.66.
NVIDIA (NASDAQ:NVDA - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). The firm had revenue of $44.06 billion for the quarter, compared to the consensus estimate of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business's revenue for the quarter was up 69.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. Research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The business 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. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA's payout ratio is 1.36%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on NVDA. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. TD Cowen boosted their price target on shares of NVIDIA from $140.00 to $175.00 and gave the company a "buy" rating in a report on Thursday. DZ Bank raised NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Piper Sandler reiterated an "overweight" rating and set a $180.00 target price (up from $150.00) on shares of NVIDIA in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $171.66.
Get Our Latest Analysis on NVDA
Insider Buying and Selling
In related news, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction 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. This trade represents a 17.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred 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 transaction, the director now owns 17,279 shares in the company, valued at $1,900,690. The trade was a 13.35% 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 in the last three months. Insiders own 4.17% of the company's stock.
About NVIDIA
(
Free Report)
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.
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