Bridgeway Capital Management LLC cut its holdings in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 309,560 shares of the computer hardware maker's stock after selling 2,320 shares during the quarter. NVIDIA makes up about 0.9% of Bridgeway Capital Management LLC's investment portfolio, making the stock its largest position. Bridgeway Capital Management LLC's holdings in NVIDIA were worth $41,571,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in NVDA. GAMMA Investing LLC lifted its stake in NVIDIA by 11.9% in the fourth quarter. GAMMA Investing LLC now owns 397,922 shares of the computer hardware maker's stock worth $53,437,000 after acquiring an additional 42,213 shares during the period. NRI Wealth Management LC purchased a new stake in NVIDIA in the fourth quarter worth about $12,207,000. Waller Financial Planning Group Inc. lifted its stake in NVIDIA by 4.6% in the fourth quarter. Waller Financial Planning Group Inc. now owns 4,024 shares of the computer hardware maker's stock worth $540,000 after acquiring an additional 177 shares during the period. jvl associates llc lifted its stake in NVIDIA by 1.0% in the fourth quarter. jvl associates llc now owns 10,652 shares of the computer hardware maker's stock worth $1,430,000 after acquiring an additional 105 shares during the period. Finally, Nordea Investment Management AB lifted its stake in NVIDIA by 15.3% in the fourth quarter. Nordea Investment Management AB now owns 34,432,573 shares of the computer hardware maker's stock worth $4,703,145,000 after acquiring an additional 4,561,284 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at NVIDIA
In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the sale, the insider now owns 479,428 shares of the company's stock, valued at $55,997,190.40. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Dabiri sold 2,663 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were 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. This trade represents 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.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $160.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. DZ Bank upgraded shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Barclays lowered their price target on shares of NVIDIA from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Hsbc Global Res cut shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Susquehanna restated a "positive" rating and issued a $180.00 price target on shares of NVIDIA in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $167.53.
Check Out Our Latest Research Report on NVIDIA
NVIDIA Price Performance
Shares of NASDAQ:NVDA opened at $131.29 on Friday. The company has a market cap of $3.21 trillion, a PE ratio of 51.67, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The company's 50 day moving average is $113.89 and its 200 day moving average is $126.81. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13.
NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, sell-side analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.
NVIDIA Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA's payout ratio is 1.36%.
NVIDIA Company Profile
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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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