Maytus Capital Management LLC Has $5.71 Million Stock Holdings in NVIDIA Co. (NASDAQ:NVDA)

Maytus Capital Management LLC decreased its holdings in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,500 shares of the computer hardware maker's stock after selling 7,500 shares during the quarter. NVIDIA makes up approximately 2.0% of Maytus Capital Management LLC's holdings, making the stock its 22nd biggest holding. Maytus Capital Management LLC's holdings in NVIDIA were worth $5,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Measured Risk Portfolios Inc. acquired a new stake in NVIDIA during the fourth quarter worth about $1,259,000. Meridiem Capital Partners LP acquired a new stake in NVIDIA during the fourth quarter worth about $41,695,000. Minot DeBlois Advisors LLC acquired a new stake in NVIDIA during the fourth quarter worth about $1,913,000. Morse Asset Management Inc raised its stake in NVIDIA by 1.1% during the fourth quarter. Morse Asset Management Inc now owns 204,257 shares of the computer hardware maker's stock worth $27,430,000 after acquiring an additional 2,203 shares during the period. Finally, Napa Wealth Management raised its stake in NVIDIA by 7.6% during the fourth quarter. Napa Wealth Management now owns 23,490 shares of the computer hardware maker's stock worth $3,154,000 after acquiring an additional 1,656 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Insider Buying and Selling

In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of NVIDIA 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 sale, the insider now directly owns 479,428 shares of the company's stock, valued at approximately $55,997,190.40. The trade was 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 this link. Also, Director Robert K. Burgess sold 53,324 shares of NVIDIA stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total value of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,147 shares of company stock valued at $17,133,207 over the last three months. 4.17% of the stock is owned by corporate insiders.

NVIDIA Stock Down 3.5%

Shares of NASDAQ:NVDA traded down $4.91 during midday trading on Friday, hitting $134.28. 332,224,842 shares of the stock were exchanged, compared to its average volume of 284,499,573. 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 business's fifty day simple moving average is $115.48 and its two-hundred day simple moving average is $126.24. The company has a market capitalization of $3.28 trillion, a PE ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its earnings results 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). The business had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company's quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 earnings per share. As a group, research analysts predict that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's dividend payout ratio (DPR) is presently 1.29%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of NVIDIA from $205.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday. Hsbc Global Res lowered NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Mizuho increased their price objective on NVIDIA from $168.00 to $170.00 and gave the stock an "outperform" rating in a report on Thursday. Piper Sandler reissued an "overweight" rating and issued a $180.00 price objective (up from $150.00) on shares of NVIDIA in a report on Wednesday. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of NVIDIA in a report on Thursday. One equities research 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $171.66.

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.