NVIDIA Co. (NASDAQ:NVDA) is Public Employees Retirement Association of Colorado's 2nd Largest Position

Public Employees Retirement Association of Colorado lessened its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,469,062 shares of the computer hardware maker's stock after selling 622,961 shares during the quarter. NVIDIA makes up about 6.6% of Public Employees Retirement Association of Colorado's investment portfolio, making the stock its 2nd largest holding. Public Employees Retirement Association of Colorado owned about 0.05% of NVIDIA worth $1,674,470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Tacita Capital Inc purchased a new position in NVIDIA during the fourth quarter valued at $28,000. Legend Financial Advisors Inc. bought a new stake in shares of NVIDIA in the 4th quarter worth $34,000. Vision Financial Markets LLC bought a new stake in shares of NVIDIA in the fourth quarter worth $38,000. Luken Investment Analytics LLC bought a new stake in shares of NVIDIA in the fourth quarter worth $40,000. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of NVIDIA in the fourth quarter worth $46,000. Hedge funds and other institutional investors own 65.27% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on NVDA shares. Raymond James reaffirmed a "strong-buy" rating on shares of NVIDIA in a report on Wednesday, April 16th. William Blair reiterated an "outperform" rating on shares of NVIDIA in a research report on Thursday, March 20th. KeyCorp set a $190.00 target price on NVIDIA in a research report on Wednesday, March 19th. Wedbush reiterated an "outperform" rating and set a $175.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $200.00 target price on shares of NVIDIA in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.84.

Insiders Place Their Bets

In other news, Director John Dabiri sold 2,663 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $110.00, for a total transaction of $292,930.00. Following the transaction, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. This represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Colette Kress sold 66,660 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $116.83, for a total value of $7,787,887.80. Following the transaction, the chief financial officer now directly owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. This represents a 2.11% 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 over the last ninety days. 4.23% of the stock is owned by insiders.

NVIDIA Trading Down 0.9%

Shares of NASDAQ NVDA opened at $134.38 on Wednesday. The business's 50 day moving average is $113.11 and its two-hundred day moving average is $126.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. NVIDIA Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The stock has a market capitalization of $3.29 trillion, a P/E ratio of 52.88, a PEG ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The company had revenue of $39.33 billion for the quarter, compared to analysts' expectations of $38.16 billion. As a group, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's payout ratio is currently 1.36%.

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.

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