Lazard Asset Management LLC Has $718.48 Million Position in NVIDIA Co. (NASDAQ:NVDA)

Lazard Asset Management LLC lifted its stake in shares of NVIDIA Co. (NASDAQ:NVDA - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,350,203 shares of the computer hardware maker's stock after purchasing an additional 348,958 shares during the quarter. NVIDIA accounts for 1.1% of Lazard Asset Management LLC's holdings, making the stock its 19th biggest holding. Lazard Asset Management LLC's holdings in NVIDIA were worth $718,476,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of NVDA. Tacita Capital Inc acquired a new stake in NVIDIA in the fourth quarter valued at about $28,000. Vision Financial Markets LLC bought a new position in NVIDIA in the fourth quarter valued at about $38,000. Luken Investment Analytics LLC bought a new position in NVIDIA in the fourth quarter valued at about $40,000. LSV Asset Management bought a new position in shares of NVIDIA during the fourth quarter worth about $54,000. Finally, Gleason Group Inc. raised its position in shares of NVIDIA by 52.9% during the fourth quarter. Gleason Group Inc. now owns 428 shares of the computer hardware maker's stock worth $58,000 after acquiring an additional 148 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Donald F. Robertson, Jr. sold 4,500 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 479,428 shares in the company, valued at approximately $55,997,190.40. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Colette Kress sold 66,660 shares of the business's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at approximately $360,509,924.95. The trade was a 2.11% decrease in their ownership of the stock. 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 owned by insiders.

NVIDIA Stock Performance

NASDAQ:NVDA traded down $4.91 during trading hours on Friday, hitting $134.28. 332,224,842 shares of the company traded hands, compared to its average volume of 284,499,573. NVIDIA Co. has a twelve month low of $86.62 and a twelve month high of $195.95. The stock has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 52.85, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $115.48 and a 200 day moving average of $126.38.

NVIDIA (NASDAQ:NVDA - Get Free Report) last announced its earnings results on Wednesday, May 28th. The computer hardware maker reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The firm had revenue of $44.06 billion for the quarter, compared to analyst estimates of $43.09 billion. During the same quarter last year, the business earned $0.61 EPS. The company's revenue for the quarter was up 69.2% compared to the same quarter last year. On average, 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 will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend is Wednesday, June 11th. NVIDIA's payout ratio is 1.29%.

Analyst Ratings Changes

Several equities research analysts recently commented on NVDA shares. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of NVIDIA in a research note on Thursday. UBS Group reissued a "buy" rating on shares of NVIDIA in a research note on Friday, May 23rd. Seaport Res Ptn raised NVIDIA to a "strong sell" rating in a research report on Wednesday, April 30th. DA Davidson lifted their target price on NVIDIA from $120.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Rosenblatt Securities lifted their price target on NVIDIA from $178.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-six have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company 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.