NVIDIA Co. (NASDAQ:NVDA) is AQR Capital Management LLC's 2nd Largest Position

AQR Capital Management LLC grew its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,312,361 shares of the computer hardware maker's stock after purchasing an additional 36,636 shares during the period. NVIDIA makes up 2.8% of AQR Capital Management LLC's portfolio, making the stock its 2nd biggest position. AQR Capital Management LLC owned about 0.07% of NVIDIA worth $2,190,587,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Tacita Capital Inc purchased a new stake in shares of NVIDIA during the fourth quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the fourth quarter worth $34,000. Vision Financial Markets LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $38,000. Luken Investment Analytics LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of NVIDIA during the fourth quarter worth $46,000. Hedge funds and other institutional investors 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 the firm's stock in a transaction dated Friday, March 21st. The shares were 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 owns 479,428 shares in the company, valued at $55,997,190.40. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert K. Burgess sold 53,324 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 251,044 shares of the company's stock, valued at approximately $28,993,071.56. This represents a 17.52% decrease in their position. 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. 4.23% of the stock is owned by corporate insiders.

NVIDIA Stock Down 0.9%

NVDA stock opened at $134.38 on Wednesday. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company has a market cap of $3.29 trillion, a PE ratio of 52.88, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. The business's 50-day simple moving average is $113.11 and its 200 day simple moving average is $126.98. 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 released its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share 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 business had revenue of $39.33 billion for the quarter, compared to the consensus estimate of $38.16 billion. On average, research analysts anticipate that NVIDIA Co. will post 2.77 earnings per share for the current year.

NVIDIA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th were 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 was Wednesday, March 12th. NVIDIA's dividend payout ratio (DPR) is presently 1.36%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Susquehanna reiterated a "positive" rating and set a $180.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. Benchmark reiterated a "buy" rating and set a $190.00 price objective on shares of NVIDIA in a report on Wednesday, March 19th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a report on Thursday, March 20th. Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Finally, HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a research report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, NVIDIA presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.

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.

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