NVIDIA Co. (NASDAQ:NVDA) is Ethic Inc.'s 2nd Largest Position

Ethic Inc. lifted its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 1,115.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,126,450 shares of the computer hardware maker's stock after purchasing an additional 1,951,433 shares during the period. NVIDIA comprises 5.8% of Ethic Inc.'s portfolio, making the stock its 2nd largest holding. Ethic Inc.'s holdings in NVIDIA were worth $285,561,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVDA. Fairview Capital Investment Management LLC lifted its position in NVIDIA by 17.3% during the fourth quarter. Fairview Capital Investment Management LLC now owns 9,745 shares of the computer hardware maker's stock valued at $1,309,000 after purchasing an additional 1,435 shares during the last quarter. Fiduciary Trust Co raised its stake in shares of NVIDIA by 3.9% in the fourth quarter. Fiduciary Trust Co now owns 642,791 shares of the computer hardware maker's stock valued at $86,320,000 after acquiring an additional 24,210 shares during the period. First Manhattan CO. LLC. raised its stake in shares of NVIDIA by 26.5% in the fourth quarter. First Manhattan CO. LLC. now owns 1,647,027 shares of the computer hardware maker's stock valued at $221,783,000 after acquiring an additional 345,528 shares during the period. Fullcircle Wealth LLC raised its stake in shares of NVIDIA by 68.1% in the fourth quarter. Fullcircle Wealth LLC now owns 2,671 shares of the computer hardware maker's stock valued at $361,000 after acquiring an additional 1,082 shares during the period. Finally, FWL Investment Management LLC raised its stake in shares of NVIDIA by 25.0% in the fourth quarter. FWL Investment Management LLC now owns 64,857 shares of the computer hardware maker's stock valued at $8,710,000 after acquiring an additional 12,968 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $200.00 target price on shares of NVIDIA in a research note on Wednesday, April 16th. Susquehanna reissued a "positive" rating and issued a $180.00 target price on shares of NVIDIA in a research note on Wednesday, March 19th. Bank of America raised their price target on shares of NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th. HSBC downgraded shares of NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research note on Thursday, April 3rd. Finally, Summit Insights raised shares of NVIDIA from a "hold" rating to a "buy" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $171.66.

NVIDIA Stock Performance

NASDAQ NVDA traded down $1.98 on Friday, hitting $137.21. 66,178,149 shares of the company's stock traded hands, compared to its average volume of 285,565,984. 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 Co. has a 1-year low of $86.62 and a 1-year high of $195.95. The firm's 50-day moving average price is $115.20 and its two-hundred day moving average price is $126.61. The firm has a market capitalization of $3.36 trillion, a PE ratio of 53.88, 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 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 analysts' expectations of $43.09 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. NVIDIA's revenue for the quarter was up 69.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. As a group, analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

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

Insider Activity

In related news, Director John Dabiri sold 2,663 shares of the business's stock in a transaction 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 completion of the sale, the director now owns 17,279 shares of the company's stock, valued at approximately $1,900,690. The trade was a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aarti S. Shah sold 20,000 shares of the business's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $118.42, for a total transaction of $2,368,400.00. Following the completion of the sale, the director now directly owns 53,208 shares of the company's stock, valued at approximately $6,300,891.36. The trade was a 27.32% decrease in their position. 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. 4.17% of the stock is currently owned by corporate insiders.

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.