NVIDIA Co. (NASDAQ:NVDA) Holdings Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in NVIDIA Co. (NASDAQ:NVDA - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,642,611 shares of the computer hardware maker's stock after purchasing an additional 962,295 shares during the period. NVIDIA makes up approximately 4.8% of Quantinno Capital Management LP's investment portfolio, making the stock its 2nd largest holding. Quantinno Capital Management LP's holdings in NVIDIA were worth $489,166,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NVDA. Norges Bank acquired a new stake in NVIDIA during the fourth quarter worth approximately $43,515,504,000. Northern Trust Corp lifted its position in NVIDIA by 15.8% during the fourth quarter. Northern Trust Corp now owns 266,454,194 shares of the computer hardware maker's stock worth $35,782,134,000 after purchasing an additional 36,266,817 shares during the period. Proficio Capital Partners LLC boosted its position in shares of NVIDIA by 14,641.2% during the 4th quarter. Proficio Capital Partners LLC now owns 34,676,316 shares of the computer hardware maker's stock worth $4,656,682,000 after acquiring an additional 34,441,082 shares in the last quarter. Capital International Investors raised its holdings in shares of NVIDIA by 34.7% during the 4th quarter. Capital International Investors now owns 62,883,868 shares of the computer hardware maker's stock worth $8,445,182,000 after buying an additional 16,189,550 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in shares of NVIDIA by 493.2% in the fourth quarter. APG Asset Management N.V. now owns 18,415,785 shares of the computer hardware maker's stock worth $2,388,272,000 after acquiring an additional 15,311,330 shares during the last quarter. 65.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

NVDA has been the topic of a number of research reports. DZ Bank raised shares of NVIDIA from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. HSBC lowered NVIDIA from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research report on Thursday, April 3rd. Tigress Financial reiterated a "buy" rating on shares of NVIDIA in a research report on Wednesday, February 26th. Bank of America boosted their price target on NVIDIA from $150.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Hsbc Global Res lowered shares of NVIDIA from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-six have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of "Moderate Buy" and an average price target of $171.66.

Insider Activity at NVIDIA

In other news, CFO Colette Kress sold 66,660 shares of NVIDIA stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 3,085,765 shares in the company, valued at $360,509,924.95. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Burgess sold 53,324 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the sale, the director now directly owns 251,044 shares in the company, valued at $28,993,071.56. The trade was a 17.52% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,147 shares of company stock worth $17,133,207. 4.17% of the stock is owned by company insiders.

NVIDIA Stock Up 3.2%

Shares of NVDA stock traded up $4.38 during trading hours on Thursday, reaching $139.19. The company had a trading volume of 368,832,482 shares, compared to its average volume of 286,410,423. The company has a market cap of $3.40 trillion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11. 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 12 month low of $86.62 and a 12 month high of $195.95. The business has a fifty day simple moving average of $114.85 and a 200-day simple moving average of $126.66.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $44.06 billion for the quarter, compared to analysts' expectations of $43.09 billion. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. NVIDIA's revenue was up 69.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, research analysts expect that NVIDIA Co. will post 2.77 earnings per share for the current fiscal year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 11th will be given a $0.01 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA's dividend payout ratio is currently 1.36%.

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.